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funding gap emerging markets
Cambodia

Cheam Cheng

  • Phillip Bank
  • Invest in a Financial Institution
  • + 20 other investors
  • With EUR 7,000 Cheam is able to purchase the land around her husbands garage to grow his business.

    €7,000
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,000
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 10 July 2017.

      Summary

      Mrs. Cheam Cheng, 58, is married and living in Tbong Khmum province of Cambodia. She is a farmer and has been operating in her pepper farm for the past five years to make profits for support the family's living. And her family income also aided by her husband who is a car repairing man. Her husband has been working in his car garage since 2012. Because of the good service and reasonable price making this business getting better from day to day and the amount of customer also increase.

      With this loan Cheam is able to purchase the land around the garage in order to larger his garage. 

      Local partner Kredit will provide this loan which has to be repaid in 36 months. 

      Company nameCheam Cheng
      CEOCheam Cheng
      Founded2012-01-01
      LocationTbong Khmum
      SectorServices
      Turnover€28,947.36
      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Cheam Cheng

      Frank Fekken
      A. Pronk
      Bram Timmerman
      Peter Boot
      Poul Brands
      + and another
      20
      investors