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funding gap emerging markets
Cambodia

Heng Yim

  • Phillip Bank
  • Invest in a Financial Institution
  • + 12 other investors
  • With EUR 13,200 Yim is able to meet the growing number of orders for the wooden furniture she produces.

    €13,200
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,200
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 31 July 2016.

      Summary

      Mrs. HENG Yim is married and lives with her husband and four school aged children in Phnom Penh city. She and her husband opens a wooden handicraft shop, producing doors, windows, tables, chairs, and other furniture material which made from wood. They have been doing this business for about 10 years to earn a living to support their family, and are able to hire 7 full time staff. This family also got an additional income from contract with house builder who build many houses to install the windows and doors.

      To expand their business, they would like to apply for a loan to purchase more woods to expand their business. 

      The loan must be repaid in 48 months. 

      Company nameHeng Yim
      CEOHeng Yim
      Founded2006-01-01
      LocationPhnom Penh
      SectorDistribution and Processing
      Turnover€211,327.43
      Employees7

      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 Heng Yim

      Menne Glas
      Marion van Wingerden
      Elke Krekels
      + and another
      12
      investors