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funding gap emerging markets
Cambodia

Sorn Soknan

  • Phillip Bank
  • Invest in a Financial Institution
  • + 12 other investors
  • With a loan of 4,400 EUR Soknan can purchase more farmland to grow peper because of the high price.

    €4,400
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 7 July 2016.

      Summary

      Mrs. Sorn Soknan, 38, is married and lives in the Tboung Khmum province with her two school aged children. She and her husband have been working as farmers since 2006, growing rice, cassava, and pepper to support her family. Currently, the price of pepper has been increased so she want to expand her farm. 

      To make more income, she is asking for a loan to purchase one hectare of pepper farmland. She believes it will be a good investing for her family and allow her to enlarge her farm in the future.

      Company nameSorn Soknan
      CEOSoknan Sorn
      Founded2006-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€41,681.41
      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 Sorn Soknan

      Aad Smits
      Mike Bosman
      + and another
      12
      investors