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funding gap emerging markets
Cambodia

Bouth Chansophal

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With a loan of 9,000 EUR Chansophal is able to purchase construction materials and meet the current demand.

    €9,000
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,000
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 1 July 2016.

      Summary

      Mr. BOUTH Chansophal is married and lives with his wife, Theary, in Phnom Penh city. Mrs. Theary is a tailor and has been working for 3 years with her 3 employment from home to earn a living, while her husband is a construction foreman. He has been a construction foreman for more than 6 years, and he usually provide his service by contract for a small construction, building house. Sometimes the contract is only for the labor, it means that the house owner is responsible for the construction materials. However, sometimes the contract can be both labor and construction materials cost. With the construction material contract, he is able to earn more than only the labor service.

      Mr. BOUTH has 18 construction workers, 15 are male and 3 are female. He is requesting for a loan from KREDIT to purchase construction materials. The money is to purchase more construction material to meet the current demand.

      Company nameBouth Chansophal
      CEOChansophal Bouth
      Founded2010-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€97,297.29
      Employees18

      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Bouth Chansophal

      Peter Boot
      + and another
      13
      investors