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funding gap emerging markets
Cambodia

Chhai Sokeng

  • Phillip Bank
  • Invest in a Financial Institution
  • + 20 other investors
  • With a loan of EUR 5,400 Chhai is able to purchase farming materials to grow more pepper.

    €5,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 16 October 2016.

      Summary

      Mrs. Chhai Sokeng, 25, is married and lives in the Tboung Khmum Province of Cambodia. To earn the living, she and her husband working a pepper farm together for about three years. When she is harvesting, the traders are come to buy the pepper in the farm. So she no need to spend for transportation costs, it the way that she can get extra income from her business.
      The weather conditions have been difficult for farming that is the reason she is asking for a loan to buy farming materials for grow more pepper. She believes that this purchase will allow her to increase her income and be able to better support her family.

      Company nameChhai Sokeng
      CEOChhai Sokeng
      Founded2013-01-01
      LocationTboung Khmum Province
      SectorAgriculture
      Turnover€17,614.28
      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 Chhai Sokeng

      Annelies Braakman
      Erwin Meijer
      + and another
      20
      investors