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funding gap emerging markets
Cambodia

Son Sokhey

  • Phillip Bank
  • Invest in a Financial Institution
  • + 10 other investors
  • With EUR 4,300 Son is able to purchase more clothes and beauty products to sell in her store and thus increase her income.

    €4,300
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,300
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 12 September 2017.

      Summary

      A resident in a village in Prey Veng province, Cambodia, Mrs Son Sokhey, 36, is married and has three children. She is a hard working woman and has been working as a tailor and selling beauty salon products to earn income for support her family’s living.

      To increase her income, she is now asking for a loan to add more clothes and beauty salon product for her store to sell. She thinks all of these purchase will meet her customers’ needs, attracted new customers, also increase her family profits.

      Local partner KREDIT provides the loan, which has to be repaid in 42 months. 

      Company nameSon Sokhey
      CEOSon Sokhey
      Founded2006-01-01
      LocationPrey Veng
      SectorWholesale / Retail
      Turnover€14,067.79
      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 Son Sokhey

      Annelies Braakman
      Gerard de Jong
      + and another
      10
      investors