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funding gap emerging markets
Cambodia

Yat Sokkheam

  • Phillip Bank
  • Invest in a Financial Institution
  • + 28 other investors
  • With a loan of EUR 9,400 Sokkheam is able to buy groceries in bulk to distribute to small sellers.

    €9,400
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,400
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 days on 19 February 2017.

      Summary

      Yat Sokkheam is married and lives with her husband in Kampong Cham province. To earn a living, she has been running a grocery store from home and selling sugar cane juice for about 5 years to earn as main income. Her husband is an excavator driver. 

      Sokkheam is now asking for a loan to purchase groceries in bulk to have special discount and distribute to small sellers.

      Company nameYat Sokkheam
      CEOSokkheam Yat
      Founded2014-01-01
      LocationKampong Cham
      SectorWholesale / Retail
      Turnover€26,415.09
      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Yat Sokkheam

      Jos Schreur
      Gerard de Jong
      + and another
      28
      investors