funding gap emerging markets
Cambodia

Bou Keo

  • Phillip Bank
  • Local partner investment
  • + 22 other investors
  • With a loan of EUR 14,800 Bou can enlarge the warehouse and reinvest on construction stock.

    €14,800
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€14,800
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 8 April 2016.
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      Summary

      Bou Keo is married and resides with her husband and one young child who are in school in Prey Veng province. She and her husband opened a small construction shop selling sand, cements, bricks, and variety of construction material to the customers around the local market from her house. This couple has been starting this business since 2013, and they earn a good income as there is not too many competition.

      The construction materials such as sand cements, bricks, brick roof are mainly supply by the wholesaler from the provincial town, and the other construction materials such steel are mainly supply direct from Phnom Penh city which is they can have original price.

      With the constriction business, they are able to employ 6 construction workers to work with. To expand their business, they are requesting for a loan from KREDIT to enlarge their warehouse and reinvest on construction stock. They also expect for additional income after the loan for about 1,000 USD.

      Company nameBou Keo
      CEOKeo Bou
      Founded2013-01-01
      LocationPrey Veng
      SectorWholesale / Retail
      Turnover€302,631.57
      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 1 job is created
      • With this investment 4 people are reached

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      We have already contributed for Bou Keo

      Han de Haas
      Frans Wittenberg
      + and another
      22
      investors