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funding gap emerging markets
Cambodia

Huo Leakna

  • Phillip Bank
  • Invest in a Financial Institution
  • + 18 other investors
  • With EUR 8,800 Leakna is able to expand her small grocery near a busy crossing in the Cambodian Capital.

    €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 4 days on 9 August 2016.

      Summary

      Huo Leakna, 33, is married and lives with her husband and three of her children in Kampong Cham province. To earn a living, she opens and sells variety of groceries from her home near taxi station which is very close to the local market. She sells bakeries, food that is packaged in cans and etc. 

      Most of her customers are passengers which usually travel from Phnom Penh to their home town. Her husband is a farmer, and he grows mushroom to sell. 

      Leakna is now would like to request for a loan to expand her current grocery business and for her husband to grow more mushroom. The loan must be repaid in 36 months. 

      Company nameHuo Leakna
      CEOHuo Leakna
      Founded2001-01-01
      LocationPrey Chor
      SectorWholesale / Retail
      Turnover€17,371.42
      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 Huo Leakna

      Menne Glas
      + and another
      18
      investors