funding gap emerging markets
Cambodia

Kuon Sreypun

  • Phillip Bank
  • Local partner investment
  • + 36 other investors
  • Kuon is now requesting for a loan of EUR 9,000 to purchase 8 hectares of farmland to grow cassava.

    €9,000
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,000
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 5 December 2016.
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      Summary

      Kuon Sreypun is married and lives with her husband in Kampong Cham province. She is a true entrepreneur, selling variety of cosmetic products. Her business has been about for 5 years. She is usually set a very low profit margin to maintain her customers. She is also distribute cosmetics to small local sellers. 

      She is now requesting for a loan to purchase 8 hectares of farmland to grow cassava. She believes that this investment would bring more income to improve her living standard.

      Company nameKuon Sreypun
      CEOSreypun Kuon
      Founded2011-01-01
      LocationChamka Leu
      SectorWholesale / Retail
      Turnover€22,522.52
      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed for Kuon Sreypun

      Gert Baas
      Hajé van Egmond
      Gerard de Jong
      Juul Slot
      + and another
      36
      investors