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funding gap emerging markets
Cambodia

Tep Soriya

  • Phillip Bank
  • Invest in a Financial Institution
  • + 35 other investors
  • With EUR 13,200 Soriya is able to acquire his own truck in order to transport products to the capital.

    €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 9 days on 9 May 2016.

      Summary

      Mr. TEP Soriya, 33, is married and lives with his wife and one young child in Kampong Chhnang province. He has rent a mini truck from the company to transport vegetables, fishes, rice, and even mangoes from Kampong Chhnang market to Penh Penh market. He hire a truck from the company to transport goods for about five years. And before the last five years, he was a driver who employed to transport goods from Kampong Chhnang province to Phnom Penh. Because he see how the transportation business was going very well that is why he has applied for a loan to purchase his own truck. 

      He will use his family saving including the money he borrow from KREDIT to purchase a mini truck to start his own business.

      Company nameTep Soriya
      CEOSoriya Tep
      Founded2006-01-01
      LocationKampong Chhnang
      SectorServices
      Turnover€28,991.15
      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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      We have already contributed to Tep Soriya

      Hans Bierhuis
      Poul Brands
      Ron van Eijk
      Peter Scheedler
      Els Mol
      + and another
      35
      investors