funding gap emerging markets
Cambodia

Dom Savet

  • Phillip Bank
  • Local partner investment
  • + 3 other investors
  • With a loan of EUR 4,400 Dom is able to purchase more land and a water pump to increase her crop yield.

    €4,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 17 hours on 30 May 2017.
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      Summary

      Dom Savet, 48, is married and has four children who resides in the Tbong Khmum province of Cambodia. She and her husband have been earning income from agriculture activities such as growing rice, cassava, vegetable, and raising animals for support the family living. Due to a shortage of finance, she is now asking for a loan to add more farmland and a water pump. She sees that this purchase will allow her to increase her profits and better support her family living.

      Local partner Kredit will provide this loan.

      Company nameDom Savet
      CEODom Savet
      Founded2010-01-01
      LocationTbong Khmum
      SectorAgriculture
      Turnover€13,513.51
      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 Dom Savet

      Aad Smits
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      investors