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funding gap emerging markets
Cambodia

Sin Mao

  • Phillip Bank
  • Invest in a Financial Institution
  • + 22 other investors
  • With EUR 8,800 Sin is able to invest in a store to sell her meet and vegetables in at the local market in Phnom Penh.

    €8,800
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 days on 11 July 2016.

      Summary

      Mrs. SIN Mao, 41, is married and lives with her husband in Phnom Penh city. She sells pork, beef and vegetables. Every morning, she brings pork, beef and bone of the pig and cow from local slaughter place to sell from her trailer attached with motorbike. Every day, she is able to sell about 30kg to 40kg of meat and bones every day. She is now requesting for a loan to purchase a store at the local market so that she do not to transport her meat by motorbike. With the new store, she is able to sell more meat and make more income support her family. Must be repaid in 48 months. 

      Company nameSin Mao
      CEOSin Mao
      Founded2013-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€13,839.28
      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 Sin Mao

      Menne Glas
      + and another
      22
      investors