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funding gap emerging markets
Cambodia

Sos Mayyas

  • Phillip Bank
  • Invest in a Financial Institution
  • + 15 other investors
  • With a loan of EUR 4,250 Sos will be able to purchase a water pump and buy farming materials to grow more pepper.

    €4,250
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,250
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 16 September 2017.

      Summary

      Sos Mayyas, 36, is a mother of three children and lives in the Tboung Khmum Province of Cambodia. To earn the living, she and her husband working together as pepper, rubber and cashew farmers. The weather conditions have been difficult for farming that is the reason Sos Mayyas is asking for a loan to purchase a water pump and to buy farming materials for grow more pepper. She believes that this purchase will allow her to increase her income and be able to better support her family.

      Company nameSos Mayyas
      CEOSos Mayyas
      Founded2002-01-01
      LocationTbong Khmum
      SectorAgriculture
      Turnover€15,488.13
      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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