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funding gap emerging markets
Cambodia

Kev Vannorn

  • Phillip Bank
  • Invest in a Financial Institution
  • + 42 other investors
  • With a loan of EUR 20,350 Vannorn is able to expand her cashew plantation and increase income.

    €20,350
    Amount
    3.25%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€20,350
    Interest3.25%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 14 days on 13 February 2018.

      Summary

      Read the information document of the issuer here

      Vannorn is a married woman who resides in the province of Kampong Cham in Cambodia. Together with her husband, she works as a farmer growing cashew on her farmland and selling fried banana's as additional income.  

      With this loan, she is able to purchase more land for cultivation and therefore expand her business. This investment will enable her to better serve her customers and increase income. 

      Local partner Kredit provides this loan with a maturity of 48 months. 

      Company nameKev Vannorn
      CEOVannorn Kev
      Founded2000-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€46,552.84
      Employees2

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

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      We have already contributed to Kev Vannorn

      Derkjan van Veen
      Ton Schroer
      Gerard de Jong
      Piet van der Kooi
      Peter Mahler
      + and another
      42
      investors