Ya Kimneang

First investment? Get €500 guaranteed with code GOODSTART.

Find out how

Cambodia

Ya Kimneang

Phillip Bank

Invest in microfinance

+ 7 other investors

With a loan of EUR 4,250 Ya will be able to enlarge her food store which she is running with her husband since 6 years.

€4,250

Amount

3.25%

Interest

36 months

Maturity

6 months

Repayments

EUR

Currency

Amount	€4,250
Interest	3.25%
Maturity	36 months
Repayments	6 months
Currency	EUR

100%

Fully funded in 1 day on 13 September 2017.

The project

Ya Kimneang is 47 years old married mother of three school aged children whom living in Prey Veng province, Cambodia. For the past six year, she and her husband have been working together in their own food store, selling breakfast and coffee, to earn income for support family living. She is now want to enlarge her food store but lacking of finance that is why she asking for a loan. She will use this loan to create more money for support her family especially help her children to get higher education.

Company name	Phillip Bank
CEO	Ya Kimneang
Founded	2011-01-01
Location	Prey Veng
Sector	Services
Turnover	€16,949.15
Employees	2

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

Sorry! You must be logged in to view this page.

We have already contributed to Ya Kimneang

Arno Huibers

Ton Schroer

+ and another

investors