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funding gap emerging markets
Cambodia

Khun Pov

  • Phillip Bank
  • Invest in a Financial Institution
  • + 20 other investors
  • With a loan of EUR 6,400 Pov is able to buy a truck for her husband's band who's playing at wedding parties.

    €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 7 days on 7 December 2016.

      Summary

      Khun Pov is married and lives with her husband in Phnom Penh city. Her husband, pictured from home, owns a team to perform music band. 

      His team was often hired to perform at the wedding and birthday parties. 

      Pov is asking for a loan to purchase a truck for her husband to transport music equipment and also to invest in her own grocery store. Must be repaid in 36 months. 

      Company nameKhun Pov
      CEOKhun Pov
      Founded2012-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€21,818.18
      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 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Khun Pov

      Gerard de Jong
      + and another
      20
      investors