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funding gap emerging markets
Cambodia

Sor Kimsou

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With EUR 4,400 Kimsou is able to expand the capacity of her duck farm with 3,000 ducks.

    €4,400
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 12 days on 4 October 2016.

      Summary

      Sor Kimsou, 50, is married and lives with her four children in the Siem Reap Province of Cambodia. She and her husband are working together in their farm since 2008. They are fatten 900 ducks for produce 700 eggs per day.
      Since the demand of the customer are increase, she would like to request for a loan to purchase 3000 ducks for her farm. She sees this purchase will allow her to increase her product and her daily income as well.

      The loan must be repaid in 36 months. 

      Company nameSor Kimsou
      CEOKimsou Sor
      Founded2008-01-01
      LocationSiem Reap Province
      SectorAgriculture
      Turnover€23,625
      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 Sor Kimsou

      Remo Demirhisar
      Marion van Wingerden
      Erwin Meijer
      Ron van Eijk
      + and another
      13
      investors