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funding gap emerging markets
Cambodia

PRAK Dano

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With a loan of EUR 4,800 Prak will purchase his own van to rent to garment factory and earn extra income.

    €4,800
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,800
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 5 August 2016.

      Summary

      Mr. PRAK Dano, 27, lives with his family in Phnom Penh City. He works at garment factory as a driver who usually transport staff from Phnom Penh to provinces. 

      To earn an additional income to support his family, he has an idea to invest to purchase a van to rent to garment factory, a purchase that he sees as a good opportunity to increase her income.

      Local partner Kredit will provide this loan to Prak together with Lendahand.

      Company namePRAK Dano
      CEOPrak Dano
      Founded2016-01-01
      LocationToul Kork
      SectorServices
      Turnover€8,928.57
      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 PRAK Dano

      Menne Glas
      Jan Meijberg
      + and another
      13
      investors