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funding gap emerging markets
Cambodia

Seng Soeurn

  • Phillip Bank
  • Invest in a Financial Institution
  • + 10 other investors
  • With a loan of EUR 5,600 Seng and her husband will be able to purchase 2 plowing machines for cultivating rice.

    €5,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 10 April 2017.

      Summary

      Seng Soeurn, 56, is married farmer who lives with four children. Living in the Tbong Khmum province of Cambodia. She and her husband working in the farm together to make profits, they have been growing rice, pepper, cassava, and other crops. Because of the weather conditions have been difficult for Cambodian farmers, Seng Soeurn included.

      She would like to request for a loan 6,000USD to purchase 2 plowing machines for cultivating rice. She believes with this loan will help her finance and increase her crop yields as well.
      Company nameSeng Soeurn
      CEOSeng Soeurn
      Founded2010-01-01
      LocationTbong Khmum
      SectorAgriculture
      Turnover€31,390.65
      Employees2

      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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      We have already contributed to Seng Soeurn

      Leendert Smit
      A. Pronk
      Jos Schreur
      + and another
      10
      investors