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funding gap emerging markets
Cambodia

Porng Sen

  • Phillip Bank
  • Invest in a Financial Institution
  • + 15 other investors
  • With a loan of EUR 4,400 Sen is able to purchase fertilizer and grow more pepper.

    €4,400
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 3 November 2016.

      Summary

      Mr. Porng Sen and his wife are hard-working farmers. They have been working as farmers since 2009, growing rice, rubber, and pepper to support their family. The weather conditions have been difficult in Cambodia, and the price of rubber has decreased for these past five years which make some farmers in bad condition.

      He is asking for a loan to purchase fertilizer and grow more pepper. He believes this investment would generate more income to improve his family living standard.

      Company namePorng Sen
      CEOSen Porng
      Founded2012-01-01
      LocationMemot
      SectorAgriculture
      Turnover€24,324.32
      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 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Porng Sen

      Remo Demirhisar
      + and another
      15
      investors