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funding gap emerging markets
Cambodia

Maly

  • Phillip Bank
  • Invest in a Financial Institution
  • + 17 other investors
  • With a loan of EUR 17,400 Maly can replace her excavator and use it for community construction projects.

    €17,400
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€17,400
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 14 April 2016.

      Summary

      Mrs. Sin Maly is married and lives with her husband in Kampong Cham provinces. To earn a profit, she sells sticky rice cake which cook in a bamboo and food which made from fish. This family also have an additional income from her husband who are farmer, growing rice on four hectares of farmland. Her husband also own excavator to dig the pond and water irrigation system in the village to have an extra income.

      Seeing a good opportunity of having an excavator business, Mrs. Maly is asking for a loan from KREDIT to replace an old and small excavator for her husband. The new excavator, will allow her husband to do more construction many hour a day. To be repaid in 48 months.

      Company nameMaly
      CEOMaly Sin
      Founded2013-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€74,715.78
      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 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Maly

      A. Pronk
      Ruurd Kamphuis
      + and another
      17
      investors