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funding gap emerging markets
Cambodia

Duch Boneth

  • Phillip Bank
  • Invest in a Financial Institution
  • + 11 other investors
  • With EUR 3,400 Boneth can buy new instruments and other equipment for her musical instruments rental store.

    €3,400
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,400
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 8 November 2017.

      Summary

      Read the information document of the issuer here

      Boneth is 27 years old and lives with her husband and kid in Phnom Penh city, Cambodia. Together with her husband they own a business in renting musical instruments, generators, sound systems, and lighting systems for events. With this loan they can pay for extra instruments and equipment to expand their business. 

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

      Company nameDuch Boneth
      CEOBoneth Duch
      Founded2008-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€10,444.06
      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 Duch Boneth

      Marlies Witteveen
      + and another
      11
      investors