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funding gap emerging markets
Cambodia

Phaok Rom

  • Phillip Bank
  • Invest in a Financial Institution
  • + 33 other investors
  • Rom is asking for a loan to reinvest in her grocery business and to grow mushrooms for resell.

    €13,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 2 June 2016.

      Summary

      Mrs. PHAOK Rom is married and lives with her husband and four children in Kratie province. She sells variety grocery products from local market, and the business has been about for 5 years to earn a living and the business is making a good income to support the family. Her husband stays at home, growing mushrooms to resell in bulk.

      To earn more profit, Mrs. PHAOK Rom is asking for a loan to reinvest in her grocery business, purchasing grocery products in bulk and the rest will used in growing mushrooms for resell.

      Company namePhaok Rom
      CEOPhaok Rom
      Founded2010-01-01
      LocationKratie
      SectorWholesale / Retail
      Turnover€28,378.37
      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Phaok Rom

      Luella van Turnhout
      Jan de Wit
      Martijn Kistemaker
      Bernold Nieuwesteeg
      Dirk Rentmeester
      + and another
      33
      investors