YA Pheang

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Cambodia

YA Pheang

Phillip Bank

Invest in microfinance

+ 32 other investors

With EUR 8,450 Ya is able to purchase a new truck for her husbands cassave transport business.

€8,450

Amount

3.25%

Interest

42 months

Maturity

6 months

Repayments

EUR

Currency

Amount	€8,450
Interest	3.25%
Maturity	42 months
Repayments	6 months
Currency	EUR

100%

Fully funded in 10 days on 8 October 2017.

The project

Ya, 45, is married and has four children who live the Kampong Cham province. She is a seller and has been selling palm juice for about 14 years to makes profits for support the daily living.

Her husband transports cassava for fees. His business is going well. That is why Ya is now requesting for a loan to purchase a new truck for her husband’s transportation service. She sees this investment is an opportunities to better support her husband’s business and increase her family income as well.

Local partner Kredit will provide the loan, which has to be repaid in 42 months.

Company name	Phillip Bank
CEO	Ya Pheang
Founded	2003-01-01
Location	Kampong Cham Province
Sector	Services
Turnover	€10,149.15
Employees	1

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 YA Pheang

Gerard de Jong

Jos Schreur

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