funding gap emerging markets
Cambodia

Hak Thorn

  • Phillip Bank
  • Local partner investment
  • + 18 other investors
  • Thorn is now requesting for a loan of EUR 9,000 to purchase farming materials for grow more pepper.

    €9,000
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,000
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 17 August 2016.
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      Summary

      Hak Thorn, 55, is married who lives in the Tboung Khmum Province of Cambodia. She and her husband have been working in a pepper farm together to earn additional income to support the family since 1991. 

      She is now requesting for a loan to purchase farming materials for grow more pepper. She sees this investment as an opportunity to increase her family income and raise her family standard of living.

      Company nameHak Thorn
      CEOThorn Hak
      Founded1991-01-01
      LocationTboung Khmum Province
      SectorAgriculture
      Turnover€40,540.54
      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed for Hak Thorn

      Mike Bosman
      Jan Hazejager
      Niek de Bruijn
      Aad Smits
      Ron van Eijk
      + and another
      18
      investors