funding gap emerging markets
Cambodia

Duk Davy

  • Phillip Bank
  • Local partner investment
  • + 7 other investors
  • With a loan of EUR 4,400 Duk is able to build 2 additional karaoke rooms for the guests of her restaurant.

    €4,400
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 17 June 2016.
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      Summary

      Mrs. Duk Davy is married and lives with her husband and two of her children in Kampong Cham province. She and her husband opens a small restaurant. They also have several karaoke rooms for their customer to sing. 

      The business has been about for 15 years to earn an income to support their family. Mrs. Davy is now is requesting for a loan to build two karaoke rooms. She believes that the investment would bring more income to support her family.

      The loan must be repaid in 36 months. 

      Company nameDuk Davy
      CEODuk Davy
      Founded1990-01-01
      LocationKampong Cham
      SectorServices
      Turnover€5,142.85
      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 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed for Duk Davy

      Niek de Bruijn
      + and another
      7
      investors