funding gap emerging markets
Cambodia

Phillip Bank 2 (KREDIT Cambodia)

  • Phillip Bank
  • Local partner investment
  • + 218 other investors
  • With a loan of EUR 72,600 Phillip Bank (formerly known as KREDIT Cambodia) can provide working capital to 6 entrepreneurs.

    €72,600
    Amount
    3.00%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€72,600
    Interest3.00%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 13 days on 30 March 2020.
      Choose amount
      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Phillip Bank Plc is a member of PhillipCapital, an integrated Asian financial house based in Singapore, but operational in 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), France, India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA and Vietnam. 

      Phillip Bank Plc commenced business in Cambodia in 2009. In 2019, they merged with Lendahand's partner Kredit (an MFI focused providing financial services and training to low-income earners). 

      Information document issuing entity (NL)

      Information note issuing entitiy (BE)

      With this investment Phillip Bank can provide loans to 6 entrepreneurs in Cambodia.

      Brak Chanyary, is a taxi service at Krong Chbamorn. She turns over 39,600US per annum and employs 4 people. She is seeking a loan of 13,000US to increase her working capital requirements.

      Khoun Ry, has a transport rental service at Memot. She turns over 8,136US per annum and employs 5 people. She is seeking a loan of 15,000US to increase her working capital requirements.

      Ouk Sarorn, has a house rental service at Phnom City of Cambodia, she turns over 19,200 US and employs 3 people. She wishes to increase her profits, then she had taken a fund of 17,000US to build more of house and boost her business.

      Rem Bunnarom, is a car cleaner service at Kampong Cham Province of Cambodia. He turns over 9,996US per annum. He employees 5 people and opened a new outlet in Kampong Cham two months ago. He is requesting working capital of 10,000US to boost this new outlet.

      At Thea, is a transport service at Memot. She turns over 173,556US per annum and employs 5 people. She is seeking a loan of 10,000US to increase her working capital requirements.

      Ta Ra, is a transport rental service at Memot. She turns over 185,628US per annum and employs 5 people. She is seeking a loan of 15,000US to increase her working capital requirements.

       

      Company namePhillip Bank 2 (KREDIT Cambodia)
      CEOOng Teong Hoo
      Founded2009-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€15,000,000
      Employees5000

      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 12 jobs are created
      • With this investment 60 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 Phillip Bank 2 (KREDIT Cambodia)

      Jan van Munster
      Els Mol
      Hans Uppenkamp
      Ton Van der Meer
      Piet van der Kooi
      + and another
      218
      investors