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funding gap emerging markets
Cambodia

Ut Sokhom

  • Phillip Bank
  • Invest in a Financial Institution
  • + 32 other investors
  • With a loan of EUR 8,800 Ut is able to buy a car to transport animal feed to her customers.

    €8,800
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 11 June 2017.

      Summary

      A widowed mother of two children in Kampong Cham province of Cambodia, Mrs. Ut Sokhom is 47 years old. She is a hard working woman and has been operating in her farm as cultivating rice, raising pigs and ducks to earn income for support the living since 2000. And her family income also aided by her children who are selling animal feed to make profits for the past 6 years. One of her child works at their store and other one transport feeds to sell in the village and nearby village. 

      Due to the shortage of finance, she is now asking for a loan to purchase a new car for her children business. She sees this purchase will help her to replace the old one and save money from fixing costs.

      Local partner Kredit will provide this loan. 

      Company nameUt Sokhom
      CEOUt Sokhom
      Founded2000-01-01
      LocationKampong Cham
      SectorWholesale / Retail
      Turnover€22,321.42
      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Ut Sokhom

      André Kloosterman
      Jan Eijgenraam
      Jacqueline Jurna
      Hajé van Egmond
      Jitske Brommet
      + and another
      32
      investors