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funding gap emerging markets
Cambodia

Orn Sophea

  • Phillip Bank
  • Invest in microfinance
  • + 18 other investors
  • Orn has decided to ask for her first loan of EUR 7,400 with Kredit to expand her capitals for purchase more materials for sell.

    €7,400
    Amount
    3.25%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,400
    Interest3.25%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 days on 11 September 2017.

      The project

      A resident in Prey Veng province, Cambodia, Mrs. Orn Sophea, 37, who wear the green clothes set in the photo. She is a business woman and has been operating in her electrical and construction materials store to earn profits for support the family’s living for the past ten years. And her family income also aided by her husband who is a cow trader. During her business is getting well from day to day, she is now decided to ask for her first loan with Kredti to expand her capitals for purchase more materials for sell. She believes with this loan will help her to fulfill her customer needs also enlarge her business and increase her family income.

      Company namePhillip Bank
      CEOOwner Sophea
      Founded2008-01-01
      LocationPrey Veng
      SectorWholesale / Retail
      Turnover€48,505.26
      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 Orn Sophea

      Annelies Braakman
      Marlies Witteveen
      Peter Scheedler
      + and another
      18
      investors