funding gap emerging markets
Cambodia

Thaing Sreynich

  • Phillip Bank
  • Local partner investment
  • + 14 other investors
  • With a loan of EUR 4,600 Sreynich is able to purchase rice seeds and fertilizer for her rice 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 14 April 2017.
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      Summary

      Sreynich, 33, is married and has four children. She living with her beloved husband and four children in the village in Kampong Cham province Cambodia. For the past seventeen years, she and her husband have been working together in the farm, cultivating rice and raising animals to earn income for support the family’s living expenses. 

      Because the weather conditions have been difficult for farming this past year, she is now asking for a loan to purchase rice seeds, natural fertilizer, and insecticides for her rice farm. She sees these investment will allow her to increase her yields and better support her family profits.

      Local partner Kredit will provide the loan, which will be repaid in 36 months. 

      Company nameThaing Sreynich
      CEOThaing Sreynich
      Founded2000-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€18,867.92
      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.

       

      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 Thaing Sreynich

      Trees van den Hoogen
      Peter Scheedler
      A. Pronk
      + and another
      14
      investors