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funding gap emerging markets
Cambodia

Hang Daravuth

  • Phillip Bank
  • Invest in a Financial Institution
  • + 9 other investors
  • With a loan of EUR 2,650 Daravuth can buy new kitchen equipment and accessories for his store.

    €2,650
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,650
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 7 November 2017.

      Summary

      Read the information document of the issuer here

      Daravuth is 55-year-old and lives in a district in Phnom Penh city in Cambodia with his wife and two children. He and his wife has been operating in a business together where they sell kitchen equipment and accessories such as rice cookers, ovens, and more for the past five years. With this loan he can pay for additional equipment and accessories to support his business activities. 

      Local partner Kredit provides this loan with a maturity of 36 months. 

      Company nameHang Daravuth
      CEODaravuth Hang
      Founded2012-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€10,169.49
      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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