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

Ven Sin

  • Phillip Bank
  • Invest in a Financial Institution
  • + 26 other investors
  • With a loan of EUR 6,000 Sin is able to buy a water pump and farming materials to increase her income.

    €6,000
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,000
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 16 February 2017.

      Summary

      Ven Sin, 49, is married and lives with her husband and two children in the Kampong Cham Province of Cambodia. To earn the living, she and her husband working together as farmers. Additionally, her husband also works in construction building house. The weather conditions have been difficult for farming that is the reason Sin is asking for a loan to purchase a water pump and to buy farming materials for grow more rice. She believes that this purchase will allow her to increase her income and be able to better support her family.

      Company nameVen Sin
      CEOSin Ven
      Founded1993-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€14,437.38
      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.

      We have already contributed to Ven Sin

      Menne Glas
      + and another
      26
      investors