funding gap emerging markets
Cambodia

Khuch Chamreun

  • Phillip Bank
  • Local partner investment
  • + 19 other investors
  • With EUR 11,400 Khuch is able to rent 25 additional acres of land for his cassave, rice and beans farm.

    €11,400
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€11,400
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 1 June 2016.
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      Based on all Lendahand historical investments
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      Summary

      Mr. KHUCH Chamreun is married and lives with his wife in Kampong Cham province. He has been working as a farmer for about 10 years to earn a living. He grows cassava, beans, and rice on 10 hectares of farmland to earn a profit. He also works as a dealer, purchasing cassava and beans to resell at Vietnam border. His wife, SREY, is a professional tailor and opens a tailoring shop from home. 

      Mr. KHUCH is now requesting for a loan to hire 25 hectares of farmland to grow cassava. This is a big investment and he strongly believes that the cassava plantation will bring more income to help support the family.

      Company nameKhuch Chamreun
      CEOKhuch Chamreun
      Founded2008-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€41,299.11
      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 2 jobs are created
      • With this investment 8 people are reached

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      We have already contributed for Khuch Chamreun

      Gert Baas
      Niek de Bruijn
      Bernold Nieuwesteeg
      + and another
      19
      investors