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funding gap emerging markets
Cambodia

VONG Sreymao

  • Phillip Bank
  • Invest in a Financial Institution
  • + 3 other investors
  • Vong is asking for a loan of EUR 4,400 to purchase more groceries for their store and increase their income.

    €4,400
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 5 August 2016.

      Summary

      Mrs. Vong Sreymao, 58, has two children and lives in the Phnom Penh city with her husband, Em Yong. They work together selling groceries for their main income to support family for about three years. Her family is also supported by one of the children who works as a veterinarian.

      Due to a shortage of finance, she is asking for a loan of US$5000 to purchase more groceries for their store. They believes that the expansion of their business will increase income and a higher standard of living.

      Company nameVONG Sreymao
      CEOVong Sreymao
      Founded2013-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€62,500
      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 VONG Sreymao

      Marion van Wingerden
      Menne Glas
      + and another
      3
      investors