First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
Cambodia

Chhem Yorn

  • Phillip Bank
  • Invest in a Financial Institution
  • + 22 other investors
  • With a loan of EUR 5,200 Yorn is able to purchase an extra plot of farmland to increase her income.

    €5,200
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,200
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 13 February 2017.

      Summary

      Chhem Yorn is 32 years old. She is married and lives with her husband and two children in Kampong Cham Province, Cambodia. She has been working in farming for over five years, earning a living to support her family. Her husband, Sat Sroeun, is a construction foreman building house earning additionally. 

      To earn more money, Yorn is requesting a loan to purchase a plot of farmland and construction material for her husband. This money will help her provide better living conditions for her family. In the future, she would like to run an additional business and send her children to a good school.

      Company nameChhem Yorn
      CEOYorn Chhem
      Founded2004-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€15,566.03
      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

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.