funding gap emerging markets
Cambodia

Chhuon Engchhay

  • Phillip Bank
  • Local partner investment
  • + 12 other investors
  • With EUR 8,800 Chhuon is able to procure more aluminum in order to meet the rising demand for her products.

    €8,800
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 1 July 2016.
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      Summary

      Mrs. Chhuon Engchhay is married and lives with her husband and three children in Kampong Cham province. She and her husband opens a small aluminum equipment handicraft shop that produce such as tables, chairs, widow, roof, and even kitchen material to sell from his home. 3 full time employ staff are working to produce all the aluminum material to sell. this business is making more profit to support the family since there is only one shop in a village which provide this service. 

      She is now is requesting for a loan to purchase more aluminum to meet the rising demand.

      The loan must be repaid in 36 months. 

      Company nameChhuon Engchhay
      CEOChhuon Engchhay
      Founded2002-01-01
      LocationKampong Cham
      SectorManufacturing / Production
      Turnover€160,714.28
      Employees3

      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 people are reached

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      We have already contributed for Chhuon Engchhay

      Poul Brands
      Ron van Eijk
      + and another
      12
      investors