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funding gap emerging markets
Cambodia

Leng Navy

  • Phillip Bank
  • Invest in a Financial Institution
  • + 33 other investors
  • With a loan of EUR 8,450 Navy can improve the rice- and sugar cultivation in dry season and improve her business.

    €8,450
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,450
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 29 October 2017.

      Summary

      Read the information document of the issuer here

      Navy, 33 years old, is a woman who lives in a village in the Kampong Cham province in Cambodia. Since 2004, she has been operating in her rice farm and selling sugar cane juice to earn to support her living.

      In order to increase her crop yields, she needs working capital to be able to improve cultivating in the dry season. This will help her to increase her profits and improve her living standard.

      Local partner Kredit provides this loan with a maturity of 24 months. 

       

      Company nameLeng Navy
      CEONavy Leng
      Founded2004-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€24,359.32
      Employees1

      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 Leng Navy

      Pieter van der Plas
      Trees van den Hoogen
      Jos Schreur
      + and another
      33
      investors