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funding gap emerging markets
Cambodia

Sreytouch

  • Phillip Bank
  • Invest in a Financial Institution
  • + 12 other investors
  • With EUR 13,200 Sreytouch is able to acquire 2 extra acres of farming land for her rubber plantation.

    €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 2 days on 23 April 2016.

      Summary

      Mrs. SOUN Sreytouch, 29, is married with one young child and lives with her husband in Kampong Cham province. She is a midwife and also own four hectares of rubber plantation and one hectare of pepper plantation which is now she can make some money from the farming business. Her husband owns a tractor which he usually rent to plow the neighbor farmland to have an additional income. The main challenge they both facing is the bad weather conditions which have less rain in raining season and the drop of rubber prices for the past years. Mrs Sreytouch and her husband are pictured from farmland.

      To make more money, she is asking for a loan to purchase another two hectares of rubber plantation. The rest of the money is also used to purchase. To be repaid in 36 months.

      Company nameSreytouch
      CEOSreytouch Soun
      Founded2013-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€21,483.18
      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 Sreytouch

      Edwin Tofield
      Jan Hazejager
      + and another
      12
      investors