Phillip Bank 10 (KREDIT Cambodia)
With a loan of EUR 62,750 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to 6 entrepreneurs.
€62,750
3.00%
48 months
6 months
EUR
CurrencyAmount | €62,750 |
Interest | 3.00% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
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 name | Phillip Bank |
CEO | Khin Savun |
Founded | 2020-02-18 |
Location | Phnom Penh |
Sector | Services |
Turnover | €607,832 |
Employees | 6 |
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