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funding gap emerging markets
Cambodia

Kim Roeun

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With a loan of EUR 2,550 Kim will be able to purchase a tractor for plowing her land where she is growing rice.

    €2,550
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,550
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 19 hours on 13 September 2017.

      Summary

      Kim is married and has three children who lives in the Kampong Cham province of Cambodia. She and her husband working in the farm together for the past 16 years. They have been growing rice and other crop to earn additional income to support the family’s living, typically makes around 17USD daily. She is now asking for a loan to purchase a tractor for plowing. She sees this investment is the good opportunities to better support her farming to reduced hiring costs and increase her family profits.

      Company nameKim Roeun
      CEOKim Roeun
      Founded2001-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€13,772.88
      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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