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funding gap emerging markets
Cambodia

Soug Khundolet

  • Phillip Bank
  • Invest in a Financial Institution
  • + 19 other investors
  • With a loan of EUR 17,600 Khundolet is able to replace the interior of some of her schools and institutions.

    €17,600
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€17,600
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 10 May 2016.

      Summary

      Mrs. SOUG Khundolet, 34, is married and lives with her husband in Phnom Penh city. She has two small institutions and three private schools. She has employed about 100 full time teachers to teach among five school. Three of her private school are mainly focus on short courses class, studying English, computer, and basic accounting. These classes are usually take 3-6 months to get certificate. For the other two institutions are focusing on adult learners who study in bachelor degree. Most of her customers are student who have low and medium income. 

      They have no ability to pay for the higher school. The schooling business has been around for 12 years. for the last five years, she was the owner of only three small private schools, and now she is able to run her business with 5 branches. She is requesting for a loan to replace chairs, tables, and other school materials. 

      Company nameSoug Khundolet
      CEOKhundolet Soug
      Founded2008-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€781,592.92
      Employees115

      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 4 jobs are created
      • With this investment 16 lives are improved

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