funding gap emerging markets
Cambodia

Sok Mao

  • Phillip Bank
  • Local partner investment
  • + 10 other investors
  • With a loan of EUR 5,400 Mao is able to raise more ducks and pigs and increase her family income.

    €5,400
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,400
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 4 November 2016.
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      Summary

      Sok Mao, 59, is married and lives with her husband and three employed children in Kampong Cham province. She and her husband are farmers, growing rice and bean to earn a living since they get married. Beside farming, she also trades rice and bean from local farmers to resell to wholesaler. They also raise ducks for eggs and pigs to earn an additional income to support the family. 

      Sok Mao is now requesting for a loan to raise more ducks and pigs. She hopes that this investment would bring more income for her family.

      Company nameSok Mao
      CEOMao Sok
      Founded2012-01-01
      LocationBatheay
      SectorAgriculture
      Turnover€31,531.53
      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 2 jobs are created
      • With this investment 8 people are reached

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      We have already contributed for Sok Mao

      Ron van Eijk
      Peter Boot
      + and another
      10
      investors