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funding gap emerging markets
Cambodia

Touch Sreipeou

  • Phillip Bank
  • Invest in a Financial Institution
  • + 15 other investors
  • With a loan of EUR 4,600 Touch is able to grow more cassave, cashew and bananas on her land.

    €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 6 days on 4 May 2017.

      Summary

      Touch, 37, is married and lives with her beloved husband and three school aged children in the village in Tbong Khmum province of Cambodia. She and her husband are working together in their small food store, selling breakfast like rice with pork, noodle soup, khmer noodle soup, and soft drink. They have been operating in their food store to earn income for support their family living expenses for the past 7 years. 

      She is now looking for an economic opportunity to better support her family living by asking for a loan with Kredit to grow cassava, cashew, and banana on her farmland. She thinks that with this loan will allow her to get more source of income and raise her family living standard.

      Local partner Kredit will provide this loan. 

      Company nameTouch Sreipeou
      CEOTouch Sreipeou
      Founded2010-01-01
      LocationTbong Khmum
      SectorAgriculture
      Turnover€23,364.48
      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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