First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
Cambodia

Sokhun Den

  • Phillip Bank
  • Invest in microfinance
  • + 5 other investors
  • With a loan of EUR 6,400 Sokhun will be able to expand her land and increase her production of beans and bananas.

    €6,400
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,400
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 19 October 2016.

      The project

      Sokhun Den is widowed farmer who lives with her two children in Kampong Cham province. She has been working as farmers for about 10 years to earn a living. She grows bananas, beans, and rice on 3 hectares of farmland to earn a profit. She is also works as a dealer, purchasing beans to resell. Sokhun is now requesting for a loan to purchase two more hectares of farmland to grow bananas and beans. This is a big investment and she strongly believes that the banana and bean plantation will bring more income to help support the family.

      Together with local partner Kredit Lendahand will provide a loan that must be repaid in 12 months.

      Company namePhillip Bank
      CEOSokhun Den
      Founded2009-01-01
      LocationChamka Leu
      SectorAgriculture
      Turnover€31,818.18
      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

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.