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funding gap emerging markets
Cambodia

Tier Nalim

  • Phillip Bank
  • Invest in a Financial Institution
  • + 20 other investors
  • With a loan of EUR 6,400 Tier will be able to purchase construction materials to construct furniture to sell.

    €6,400
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,400
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 17 April 2017.

      Summary

      Tier Nalim is a business man who lives with his wife in the Tbong Khmum province of Cambodia. He and his wife have been working in the store together to make profits. In the store has construct desk, closet, and other furniture for sell. Since this business can make high profits, he is now applying for a loan of 7,000USD to purchase construction materials to construct furniture to sell. He believes this loan will allow him to enlarge his store and increase his family profits as well.
      Company nameTier Nalim
      CEOTier Nalim
      Founded2010-01-01
      LocationTbong Khmum
      SectorManufacturing / Production
      Turnover€84,112.14
      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Tier Nalim

      A. Pronk
      + and another
      20
      investors