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funding gap emerging markets
Cambodia

Va Sophat

  • Phillip Bank
  • Invest in a Financial Institution
  • + 10 other investors
  • With a loan of EUR 4,400 construction foreman Sophat is able to build three rooms for renting.

    €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 6 days on 16 November 2016.

      Summary

      Va Sophat is married and lives with his wife in Phnom Penh city. He is a construction foreman, while his wife is a grocery seller. He has been a construction foreman for about 5 years, and he usually provides his service by contract for a small construction, building house. Sometimes the contract is only for the labor, it means that the house owner is responsible for the construction materials. However, sometimes the contract can be both labor and construction materials cost.

      To have another source of income, he is asking for a loan to build three rooms for renting. He believes that this investment would bring more income to help support his family.

      Company nameVa Sophat
      CEOSophat Va
      Founded2010-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€11,891.89
      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 Va Sophat

      Gerard de Jong
      Poul Brands
      Martijn Mulder
      + and another
      10
      investors