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funding gap emerging markets
Cambodia

Vorn Ra

  • Phillip Bank
  • Invest in a Financial Institution
  • + 11 other investors
  • With a loan of EUR 6,400 Ra is able to purchase the store that she is now renting and increase her income.

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

      Summary

      Vorn Ra is married with two children and lives with her husband in Kampong Cham province. She is a true entrepreneur, selling variety of vegetable in the local market to earn a profit to help support her family since 2011, her husband is a farmer who grow rice 3 hectares of farmland. About 70% of the rice output is able to sell at the market to have an additional income. 

      To have another source of income, she is now asking for a loan to purchase a store that she is renting and the rest is to purchase fertilizer and plow farmland.

      Company nameVorn Ra
      CEORa Vorn
      Founded2011-01-01
      LocationBatheay
      SectorWholesale / Retail
      Turnover€34,090.90
      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 Vorn Ra

      Poul Brands
      + and another
      11
      investors