funding gap emerging markets
Cambodia

Kak Sreng

  • Phillip Bank
  • Local partner investment
  • + 3 other investors
  • With a loan of EUR 2,550 Sreng is able to sell more products at her groceries story and enlarge her business.

    €2,550
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,550
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 54 minutes on 14 November 2017.
      Choose amount
      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Read the information document of the issuer here

      Sreng is a 50 year old, married woman who lives in the provice of Prey Veng together with her husband and two children. She and her husband are working at the grocery store and rice farm they own since 2015.  

      With this loan she can add groceries to her store and improve her rice cultivation. Therefore her income will grow and she is able to pay for her children's school fees. 

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

      Company nameKak Sreng
      CEOSreng Kak
      Founded2015-01-01
      LocationPrey Veng
      SectorWholesale / Retail
      Turnover€12,988.03
      Employees3

      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 1 jobs are created
      • With this investment 4 lives are improved

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      We have already contributed for Kak Sreng

      Frank Knol
      Piet van der Kooi
      + and another
      3
      investors