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funding gap emerging markets
Cambodia

Thor Chandy

  • Phillip Bank
  • Invest in a Financial Institution
  • + 15 other investors
  • With a loan of EUR 4,400 Thor is able to invest in a tractor to plough his land more effectively.

    €4,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 28 June 2016.

      Summary

      Mr. Thor Chandy is a farmer who lives with two children in Kampong Cham province. He grows mangoes, cashew nuts, and rice on five hectares of farmland. Before he become a professional farmer, he joined agricultural training class and learned from his neighbor who has many years of experience. 

      Mr. Thor is now requesting for a loan to purchase a tractor so that he can work on his farm and rent to other to plow the farmland for an additional profit.

      The loan must be repaid in 24 months. 

      Company nameThor Chandy
      CEOThor Chandy
      Founded2015-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€70,714.28
      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.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Thor Chandy

      Ron van Eijk
      + and another
      15
      investors