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funding gap emerging markets
Cambodia

Chan Soeun

  • Phillip Bank
  • Invest in a Financial Institution
  • + 23 other investors
  • Chan is asking for a loan of EUR 5,400 to buy the necessary materials to grow more cashew on her land.

    €5,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 days on 3 May 2017.

      Summary

      Chan, 50, is married mother of three children who lives in Kampong Cham province of Cambodia. For the past three years, she and her husband have been cultivating rice and cashew to earning income for support her family’s living.

      Due to the shortage of finance, she is now asking for a loan to grow more cashew. 

      She sees this loan is the economic opportunities to better support her family.

      Company nameChan Soeun
      CEOChan Soeun
      Founded2014-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€17,757
      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 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Chan Soeun

      Jos Schreur
      Leendert Smit
      A. Pronk
      + and another
      23
      investors