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funding gap emerging markets
Cambodia

Soksan Mao

  • Phillip Bank
  • Invest in a Financial Institution
  • + 28 other investors
  • With a loan of EUR 9,600 Soksan is able to purchase a plot of farmland to grow more rice.

    €9,600
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,600
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 19 January 2017.

      Summary

      Mao Soksan, 36, is married and resides with her husband and two school-aged children in Kampong Cham Province, Cambodia. She and her husband have been growing rice and lotus to sell for over ten years and are successful in their careers. Additionally, her husband also works as construction worker when he has free time from farming. In order to improve her family living conditions, 

      Soksan is requesting a loan purchase a plot of farmland to grow more rice and also buy fertilizer, gas, and insecticide for the next growing season to generate more output.

      Company nameSoksan Mao
      CEOSoksan Mao
      Founded1999-01-01
      LocationBatheay
      SectorAgriculture
      Turnover€25,319.23
      Employees1

      Impact

      Phillip Bank is a microfinance institution in Cambodia that invests in people and their businesses via Micro-loans. By providing working capital to local entrepreneurs, they enable people in Cambodia to further expand their businesses and reach their potential for business growth and job creation.

      Micro-loans are an effective tool against poverty. Research has shown that communities with more viable small local businesses have more balanced economies and higher average prosperity levels. Their turnover mainly flows back to their communities, ensuring economic growth and stability. The capital provided by Phillip Bank works towards sustainably improving families' financial well-being in rural and urban communities.

       

      SDG’s impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No poverty

      SDG 8. Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Soksan Mao

      Gerard de Jong
      Elke Krekels
      Gerard de Boer
      + and another
      28
      investors