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funding gap emerging markets
Cambodia

Nory Chiem

  • Phillip Bank
  • Invest in a Financial Institution
  • + 16 other investors
  • With a loan of EUR 5,600 Chiem is able to purchase a plot of farmland and start rasing ducks for eggs.

    €5,600
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,600
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 14 February 2017.

      Summary

      Nory Chiem is 32 years old and lives with her husband in Kampong Cham province. Two of her children are in school. She works in garment factory and also farming to earn as main income to support her family. Her husband is a construction worker and help his wife farming when he has free time. 

      Chiem is now asking for a loan to purchase a plot of farmland and start raising ducks for eggs. Her husband will take care the ducks business since he involve less time with construction work.

      Company nameNory Chiem
      CEOChiem Nory
      Founded2014-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€16,848.59
      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Nory Chiem

      Marion van Wingerden
      Derkjan van Veen
      + and another
      16
      investors