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funding gap emerging markets
Cambodia

Som Horn

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With a loan of EUR 4,600 Som is able to purchase a car to deliver groceries to her customers.

    €4,600
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,600
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 12 May 2017.

      Summary

      Som, 44, is married mother who lives in the Tbong Khmum province of Cambodia. For the past 5 years, she and her husband have been operating together in their grocery store to make profits for support the family living. 

      Due to the difficulty of transportation, she is now asking for a loan to purchase a car for transport grocery to her store and sell to nearby village. She thinks this investment will help her save money from transportation costs and enlarge her business as well.

      Local partner Kredit will provide this loan. 

      Company nameSom Horn
      CEOSom Horn
      Founded2013-01-01
      LocationTbong Khmum
      SectorWholesale / Retail
      Turnover€15,963.30
      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 Som Horn

      Ron van Eijk
      Poul Brands
      Tammo Bootz
      A. Pronk
      Ton Van der Meer
      + and another
      13
      investors