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funding gap emerging markets
Cambodia

Phillip Bank 10 (KREDIT Cambodia)

  • Phillip Bank
  • Invest in microfinance
  • + 208 other investors
  • With a loan of EUR 62,750 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to 6 entrepreneurs.

    €62,750
    Amount
    3.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€62,750
    Interest3.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 25 days on 15 July 2020.

      The project

      Warning

      Given the current situation regarding COVID-19, there is increased uncertainty. Although Phillip Bank is in good shape and agreements have only recently been made with regard to interest and maturities, it is wise to be careful with your investments.

      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 will be able to finance the following 6 entrepreneurs:

      • Sokneth Sean wishes to purchase the construction materials to build a new house.
      • Khin Savun wants to purchase a tour car
      • Sen Chanda wants to purchase a van for delivery of her groceries
      • Chek Nath wants to purchase more land to plant more cashews.
      • Sboung Kheang wants to purchase more land to plant more cashews
      • Sboung Srey wants to purchase more land to plant more cashews
      Company namePhillip Bank
      CEOKhin Savun
      Founded2020-02-18
      LocationPhnom Penh
      SectorServices
      Turnover€607,832
      Employees6

      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 6 jobs are created
      • With this investment 30 lives are improved

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      We have already contributed to Phillip Bank 10 (KREDIT Cambodia)

      Oliver Shepherd
      rits dijkstra
      Els Mol
      Liesbeth Dorama
      Jan van Munster
      + and another
      208
      investors