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funding gap emerging markets
Cambodia

Ching Heang

  • Phillip Bank
  • Invest in a Financial Institution
  • + 19 other investors
  • Ching is asking for EUR 6,600 to purchase a water pump and to buy farming materials for growing more rice and lotus.

    €6,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 30 January 2017.

      Summary

      Ching Heang, 54, is married and resides with her husband and four children in Kampong Cham Province, Cambodia. To earn the living, she and her husband are working together as rice and lotus farmers. 

      The weather conditions have been difficult for farming that is the reason Heang is asking for a loan to purchase a water pump and to buy farming materials for growing more rice and lotus. She believes that this purchase will allow her to increase her income and be able to better support her family.

      Company nameChing Heang
      CEOChing Heang
      Founded1988-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€23,060.37
      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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