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funding gap emerging markets
Cambodia

CHEA Sodavy

  • Phillip Bank
  • Invest in a Financial Institution
  • + 20 other investors
  • Chea is now requesting for a loan of EUR 8,800 to expand her grocery shop to meet her customer's demand.

    €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 9 days on 17 August 2016.

      Summary

      Mrs. CHEA Sodavy is a true entrepreneur, selling variety grocery products from her home. She has been selling for about for 3 years to earn a living and the business is making a good income to support the family. She also work as a sale agent for E-Money Company. This company has a service transfer money from its agent shop to another agent shop. She can earns some income when customer come to transfer money from her booth.

      She is now requesting for a loan to expand her grocery shop to meet her customer's demand.

      Company nameCHEA Sodavy
      CEOChea Sodavy
      Founded2013-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€72,477.87
      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 CHEA Sodavy

      Dieske Kruisselbrink
      Frans Wittenberg
      Arne Driessen
      Menne Glas
      Hans Bierhuis
      + and another
      20
      investors