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funding gap emerging markets
Cambodia

Khiev Nasong

  • Phillip Bank
  • Invest in a Financial Institution
  • + 23 other investors
  • With EUR 13,200 Nasong acuire young fish that he will raise in his pond and sell alter on the local market.

    €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 12 days on 14 May 2016.

      Summary

      Mr. KHIEV Nasong is married and lives with his wife and three children in Siem Reap province. He has a big pond to raise fishes for resell. He raises catfish and other kind of river fishes to sell at the market. He usually sell about 10 tons every six months. 

      He also go to Vietnam border to buy small fishes then resell to fish raiser for an additional income to support his family. He is now is asking for a loan to reinvest in a dealing fish business.

      Company nameKhiev Nasong
      CEONasong Khiev
      Founded2007-01-01
      LocationSiem Reap
      SectorAgriculture
      Turnover€191,681.41
      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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