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funding gap emerging markets
Cambodia

Sopheary Kim

  • Phillip Bank
  • Invest in a Financial Institution
  • + 29 other investors
  • With EUR 26,200 Sopheary can start a new business, building rooms to rent for garment factory workers.

    €26,200
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€26,200
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 13 hours on 5 April 2016.

      Summary

      Kim Sopheary, 29, sells beef, pork, bone of pig and cow in bulk with her husband in the downtown market of Phnom Penh city. Every morning, she and her husband always bring pork, beef and bones of the pig and cow from local slaughter place and distribute some amount to small sellers, and she keeps some to sell at her store. 

      For the past 5 years, she and her husband were small sellers, they can sell about 20kg to 30kg of meat and bones every day. Since this couple start many years of this business and there are many customers to support her business, they can expand their business by increase their selling from 100kg to 130kg per day (mostly bones) which is the revenue is about 16,860 USD per month with the expense of the business is about 14,727 USD per month. The meat and bone business are doing well because most of her customers will buy this product for their small restaurant to make soup to sell to the customers.

      Currently, Sopheary and her husband are asking for a loan to start a new business, building rooms to rent for garment factory workers. 

      Company nameSopheary Kim
      CEOSopheary Kim
      Founded2008-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€176,842.10
      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 8 lives are improved

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      We have already contributed to Sopheary Kim

      Corné de Haas
      Aad Nootebos
      Gert Mosterd
      + and another
      29
      investors