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funding gap emerging markets
Cambodia

MUT Sophat

  • Phillip Bank
  • Invest in a Financial Institution
  • + 3 other investors
  • Sophat is in need of working capital of EUR 4,400 to purchase small cups to collect rubber.

    €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 1 day on 25 June 2016.

      Summary

      Mrs. Mut Sophat is a widowed mother with two children residing in a village in Kampong Cham province. She owns a wood handicraft shop, making window, table, chair, and other furniture for sell to earn an income for her family. The products are also transport to sell at the provinces and Phnom Penh city by the motorbike attached with a trailer. She also has two hectares of rubber plantation which now she is able to profit from collecting the rubber, and one hectare of chashew nut.

      She is now requesting for a loan to purchase small cups to attach with rubber trees to collect the rubber and the rest of money is to purchase fertilizer for her farm.

      Company nameMUT Sophat
      CEOSophat Mut
      Founded2010-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€27,323.89
      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 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to MUT Sophat

      Hans Bierhuis
      + and another
      3
      investors