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funding gap emerging markets
Cambodia

Hem Chanthan

  • Phillip Bank
  • Invest in a Financial Institution
  • + 28 other investors
  • With EUR 13,200 Chanthan can buy agri products for her farm like fertilizer to grow mangos and cassave.

    €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 3 May 2016.

      Summary

      Mr. HEM Chanthan is a true entrepreneur, selling variety grocery products from her home. She has been selling for about for 5 years to earn a living and the business is making a good income to support the family. She also work as a sale agent for a Wing Company. This company has a service transfer money from its agent shop to another agent shop. She can earns some income when customer come to transfer money from her booth. 

      Her husband is a farmer, and he has 10 hectares of cassava plantation and 4 hectares of mango plantation. He usually hires a big truck to transport his cassava to sell at Vietnam border to earn an original price, however, if he sells to a local dealer the price will be a bit lower than the price at Vietnam border. The weather condition for these past years has been difficult for farming, and the cassava output also decreased as well. 

      However, Mrs. HEN and her husband are requesting for a loan to purchase fertilizers and prepare for the next cassava growing season.

      Company nameHem Chanthan
      CEOChanthan Hem
      Founded2006-01-01
      LocationBattambang
      SectorWholesale / Retail
      Turnover€39,961.06
      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 Hem Chanthan

      Wilgert Velinga
      Dirk Rentmeester
      Els Mol
      Peter Boot
      Gerard de Boer
      + and another
      28
      investors