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funding gap emerging markets
Cambodia

Tom Tuy

  • Phillip Bank
  • Invest in a Financial Institution
  • + 10 other investors
  • With a loan of EUR 4,300 the wife of Tom will be able to open a food store and increase the family 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 2 days on 14 September 2017.

      Summary

      Tuy Tom is 36 years old married of three school aged children whom living in Kampong Cham province, Cambodia. For the past 11 year, he and his wife have been working together in the rice farm to earn income for support family living. She is now want to open a 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 nameTom Tuy
      CEOTom Tuy
      Founded2006-01-01
      LocationKampong Cham
      SectorServices
      Turnover€14,922.03
      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 Tom Tuy

      Gerard de Jong
      Ton Schroer
      Arno Huibers
      + and another
      10
      investors