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funding gap emerging markets
Cambodia

Ches Samath

  • Phillip Bank
  • Invest in a Financial Institution
  • + 20 other investors
  • With a loan of EUR 7,200 Samath is able to raise more chickens and ducks at his farm and sell the eggs.

    €7,200
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,200
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 days on 25 November 2016.

      Summary

      Ches Samath, 43, is married and raises chickens and ducks to earn living in Kampong Cham Province, while her husband is a farmer and her children are garment factory workers. 

      Currently, Samath is asking for a loan to raise more chickens and ducks and also purchase food to feed them as well.

      Company nameChes Samath
      CEOSamath Ches
      Founded1999-01-01
      LocationBatheay
      SectorAgriculture
      Turnover€15,470.27
      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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