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funding gap emerging markets
Cambodia

Mom

  • Phillip Bank
  • Invest in a Financial Institution
  • + 20 other investors
  • With a loan of EUR 13,200 Sivdean will be able to procure extra gold of which her husband can make jewelry.

    €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 5 days on 26 April 2016.

      Summary

      Mrs. MOM Sivdean, pictured from jewelry shop, is married and lives with her husband and five children in Preah Sihanouk province. She open a jewelry shop from the local market, while her husband is a goldsmith. She has been selling gold for about for four years, and jewelry business making more profit to support her family. She is now request for a loan to expand her business by buying more gold for her husband so that he can make more necklace, ring, and more for her to sell at the market.

      Company nameMom
      CEOSivdean Mom
      Founded2012-01-01
      LocationPreah Sihanouk
      SectorWholesale / Retail
      Turnover€250,619.46
      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 Mom

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      investors