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funding gap emerging markets
Cambodia

Veng Sreymom

  • Phillip Bank
  • Invest in a Financial Institution
  • + 16 other investors
  • With a loan of EUR 3,400 Sreymom is able to buy more bamboo to expand her business.

    €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 2 days on 21 November 2017.

      Summary

      Read the information document of the issuer here

      Sreymom is a 44 year old woman, who lives together with her husband and three children in the province of Prey Veng in Cambodia. Together they own a business in selling bamboo and baby trees since 2015. 

      With this loan, she is able to purchase more bamboo trees to increase her sales. This investment helps her expand her business.

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

      Company nameVeng Sreymom
      CEOSreymom Veng
      Founded2015-01-01
      LocationPrey Veng
      SectorWholesale / Retail
      Turnover€9,457.62
      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.

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

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      We have already contributed to Veng Sreymom

      Piet van der Kooi
      Han de Haas
      + and another
      16
      investors