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funding gap emerging markets
Cambodia

Orn Ork

  • Phillip Bank
  • Invest in a Financial Institution
  • + 18 other investors
  • With a loan of EUR 4,800 Orn will be able to buy new cows to raise so she can sell them in the future.

    €4,800
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,800
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 hours on 11 January 2017.

      Summary

      Orn Ork is married and lives with her husband in Kampong Cham province. She is a farmer and trades cows to earn a living. For farming, she does two times per years. About 30-40 percents of the rice output is usually for sell, while remaining is for family.

      She usually purchase small cows to breed and resell for a profit. Since the trading cow is making more profit, she is requesting for a loan to purchase small cows to breed. 

      Local partner Kredit provides a loan to Orn that must be repaid within 36 months. 

      Company nameOrn Ork
      CEOOrn Ork
      Founded1995-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€13,846.15
      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 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Orn Ork

      Jacques van den Bosch
      Hajé van Egmond
      + and another
      18
      investors