funding gap emerging markets
Cambodia

Kai Phors

  • Phillip Bank
  • Local partner investment
  • + 27 other investors
  • With a loan of EUR 9,000 Kai and her husband will be able to buy a new truck for the transportation service.

    €9,000
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,000
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 days on 29 December 2016.
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      Summary

      Mrs. Kai Phors, pictured from cosmetic store, is married and lives with her husband and one young child in Tboung Khmum province. She is a true entrepreneur, opening salon shop and 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. Her husband is a driver to earn an additional income to support the family. 

      She is now asking for a loan to purchase a truck for her husband so that he can start transport soil to increase the income.

      Local partner Kredit provides a loan to Kai that must be repaid within 42 months. 

      Company nameKai Phors
      CEOKai Phors
      Founded2012-01-01
      LocationTboung Khmum
      SectorWholesale / Retail
      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.

       

      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 2 jobs are created
      • With this investment 8 people are reached

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      We have already contributed for Kai Phors

      Gerard de Jong
      + and another
      27
      investors