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funding gap emerging markets
Cambodia

Hen Hor

  • Phillip Bank
  • Invest in a Financial Institution
  • + 3 other investors
  • With EUR 6,200 Hen is able to purchase a car for herson so he can transport more rice to their store.

    €6,200
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,200
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 7 August 2016.

      Summary

      Hor Hen, 55, is married and lives with her husband in Kampong Cham province. To earn a living, she has opening a food store for more than 10 years from her house near taxi station, while her husband is a soldier. The food business is making a good income as customers are passengers travel from Phnom Penh to home town. 

      She is also aided by her son who is reseller collecting rice for sell. She is now asking for a loan for her son to buy a car to transport rice.

      Company nameHen Hor
      CEOHen Hor
      Founded2005-01-01
      LocationPrey Chor
      SectorWholesale / Retail
      Turnover€14,357.14
      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Hen Hor

      Menne Glas
      + and another
      3
      investors