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funding gap emerging markets
Cambodia

Phillip Bank 11 (KREDIT Cambodia)

  • Phillip Bank
  • Invest in a Financial Institution
  • + 272 other investors
  • With a loan of EUR 91,750 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to 7 entrepreneurs.

    €91,750
    Amount
    3.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€91,750
    Interest3.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 20 days on 16 August 2020.

      Summary

      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 7 entrepreneurs:

      • Vorn Phal is a farmer growing cashew nuts and cassava for 3 years to make an income for his family. He would like a loan from Phillip Bank Plc, to expand his farm. Vorn Phal is asking for a loan of 10,000 US to purchase more farmland
      • Sreynich Sum runs a transport rental service at Bati in Phnom Penh City. She is seeking a loan of 12,000 US to purchase a new truck
      • Soklim Mou is a car seller in Phnom Penh City. He is requesting a loan of 20,000US to increase his working capital requirement
      • Ath In is a souvenir seller at a popular place in Pub Street at Seim Reap Province. She is asking a loan of 10,500 US to increase her stock
      • Chhouk Khem is has a rental room service in Takeo Province. She needs a loan of 12,000 US from Phillip Bank Plc. to build the new rooms and increase her working capital
      • Choeurn Savat needs a loan of 20,000 US to start a new business of Wing agent to perform a service such as money transfer and cash withdrawal in her community
      • Sreyvi Phorn has a transport rental service at Kampong Chhnang Province. She is seeking a loan of 20,000 US to purchase a new truck.
      Company namePhillip Bank 11 (KREDIT Cambodia)
      CEOSavat Choeurn
      Founded2020-04-22
      LocationPrey Veng
      SectorServices
      Turnover€208,640
      Employees7

      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 7 jobs are created
      • With this investment 35 lives are improved

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      We have already contributed to Phillip Bank 11 (KREDIT Cambodia)

      André Becker
      Jan van Munster
      Hans Bierhuis
      Wilgert Velinga
      Willem van Wingerden
      + and another
      272
      investors