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funding gap emerging markets
Cambodia

Yau Vy

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With EUR 4,600 Yau is able to dig a well to provide water for her pepper farm.

    €4,600
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,600
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 28 April 2017.

      Summary

      Yau Vy, 31, is married and lives in the Tbong khmum province with her two children. She and her husband have been cultivating rice and pepper to earn income for support the family living for the past 11 years. Inflation has made prices soar lately in Cambodia, and Yau Vy realized that she needed to expand her farm to increase her income. Her main source of income comes from pepper.  

      Yau is now asking for a loan of US$5,000 to dig a well that will provide the water for her farm. And the rest of the loan she would like to purchase farming materials to grow more pepper. She sees this loan as a great economic opportunity and believes that she can raise her standard of living. 

      Local partner Kredit will provide the loan.

      Company nameYau Vy
      CEOYau Vy
      Founded2006-01-01
      LocationTbong Khmum
      SectorAgriculture
      Turnover€23,977.57
      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 Yau Vy

      Hans Uppenkamp
      A. Pronk
      + and another
      13
      investors