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funding gap emerging markets
Cambodia

Suon Kheng

  • Phillip Bank
  • Invest in a Financial Institution
  • + 29 other investors
  • With EUR 13,200 Kheng can buy pillows, traditional blankets and musquito nets in bulk at a discounted price.

    €13,200
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,200
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 21 April 2016.

      Summary

      Mrs. SUON Kheng, 47, is married and lives with her husband and 4 school aged children in Takeo province. She is a true entrepreneur, buying fabric from the factory to product as pillow. She usually buy fabric and mill it into a very small piece to make pillow for sale. She also buy Khmer mats, blankets mosquito nets from villagers and resell at Phnom Penh city. The business has been around for 10 years, and there are many competition but it seems OK for her family. She usually sells her products in bulk to the wholesaler in the market with a reasonable price. 

      Since this family make a good income from this business, so now she is asking for a loan to reinvest in her business. She want to have more money to order mosquito nets, blankets, and mat in bulk from small villagers so that she can have a special discount. She also want to purchase more fabrics from garment factory so that she can produce more pillows for resell. Must be repaid in 36 months. 

      Company nameSuon Kheng
      CEOKheng Suon
      Founded2006-01-01
      LocationTakeo
      SectorDistribution and Processing
      Turnover€315,789.47
      Employees12

      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 Suon Kheng

      Remo Demirhisar
      A. Pronk
      Aad Smits
      + and another
      29
      investors