funding gap emerging markets
Cambodia

Yun Savan

  • Phillip Bank
  • Local partner investment
  • + 15 other investors
  • Yun is now asking for a loan of EUR 5,400 to purchase fertilizer, gas, and insecticide to increase her rice output.​

    €5,400
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,400
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 18 hours on 23 January 2017.
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      Summary

      Yun Savan, 54, is married and resides with her husband and one of her children in Kampong Cham Province, Cambodia. To earn a living, she has been working in farming, growing rice, while her husband owns a tractor to plow other farmland to have renting fees. 

      She is now asking for a loan to purchase fertilizer, gas, and insecticide to increase her rice output.

      Company nameYun Savan
      CEOYun Savan
      Founded1999-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€21,984.90
      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 1 job is created
      • With this investment 4 people are reached

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      We have already contributed for Yun Savan

      Benjamin Overkempe
      Martijn Savenije
      Aad Smits
      + and another
      15
      investors