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funding gap emerging markets
Cambodia

Sorn Ra

  • Phillip Bank
  • Invest in a Financial Institution
  • + 38 other investors
  • With a loan of EUR 9,200 Sorn is able to purchase one hectare farmland to grow more cassave.

    €9,200
    Amount
    3.25%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,200
    Interest3.25%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 14 days on 24 May 2017.

      Summary

      Sorn, 55, is married woman who resides in the Tbong Khmum province of Cambodia. She is a farmer and has been working together with her husband on the rice and cassava farm for the past 11 years to make profits for support the family living.

      Since the cassava farm is growing well, she is now asking for a loan to purchase one hectare farmland to grow more cassava. She believes with this loan will allow her to increase her crop yields and as well as her family profits.

      Local partner KREDIT will provide this loan. 

      Company nameSorn Ra
      CEOSorn Ra
      Founded2006-01-01
      LocationTbong Khmum
      SectorAgriculture
      Turnover€28,037.38
      Employees2

      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Sorn Ra

      Jan Okken
      Bastiaan Kommers
      Ivo Richaers
      Arjanne Rietsema
      Tammo Bootz
      + and another
      38
      investors