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funding gap emerging markets
Cambodia

Ouch Yom

  • Phillip Bank
  • Invest in a Financial Institution
  • + 10 other investors
  • With a loan of EUR 21,800 Ouch is able to invest in a third truck for his transport- and import/export business.

    €21,800
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€21,800
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 hours on 6 April 2016.

      Summary

      Ouch Yom lives with his wife and two young children who are in school in Kiri Vong district, Takeo province. He has been a true entrepreneur for many years, transporting goods from Cambodia to Vietnam border and bring goods from Vietnam to resell in Cambodia. This business has started since 2008, and he has earned more income from this business to support his family. He uses two mini tracks and one boat to service the transport service which usually bring rice and agriculture products to Vietnam border. For the transportation service is not earn as much as the business that he bring goods from Vietnam border to resell at Cambodia.

      For the current business, he is able to employ 17 workers part time job.

      With the loan from KREDIT, he is able to purchase another truck to improve his current service. He is also expecting for an additional income for about 1,500 USD per month. To be repaid in 48 months.

      Company nameOuch Yom
      CEOOuch Yom
      Founded2008-01-01
      LocationKiri Vong, Takeo province, Cambodia.
      SectorServices
      Turnover€121,052.63
      Employees17

      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 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Ouch Yom

      Joop Singeling
      + and another
      10
      investors