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funding gap emerging markets
Cambodia

Va Chem

  • Phillip Bank
  • Invest in a Financial Institution
  • + 18 other investors
  • With EUR 13,200 Chem is able to expand her store that sells fruit to the public and other small sellers in the area.

    €13,200
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,200
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 days on 23 April 2016.

      Summary

      Mrs. Va Chem is married and lives with her husband in Phnom Penh city. She has a big store and sells fruits in a downtown market of Phnom Penh city. She usually buy fruits from small farmers as a whole buyer then reallocate to small sellers and keeps some amount to sell from her store.

      She also has a renting room business from her home to earn an additional income to support her family. She would like to both invest US$ 5000 in her fruit business. She sees these investments as opportunities that will be able to increase her daily income. To be repaid in 48 months. 

      Company nameVa Chem
      CEOChem Va
      Founded2014-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€221,052.63
      Employees1

      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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