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funding gap emerging markets
Cambodia

Samel Sang

  • Phillip Bank
  • Invest in a Financial Institution
  • + 15 other investors
  • With a loan of EUR 4,200 Samel will be able to expand his company and buy more products to recyle.

    €4,200
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,200
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 30 July 2017.

      Summary

      A resident in the Kampong Cham province of Cambodia, Mr. Sang Samel, 37 years old. For the past ten years, he has been earning income from buying and sell recycling products. And his family income also aided by his wife who is a rice farmer.

      Since his business is going well, he is now asking for a loan to expand his capital to purchase recycle products. He is confident that with this capital will allow him to gain more profits and better support his family living.

      Local partner Kredit will provide the loan.

      Company nameSamel Sang
      CEOSamel Sang
      Founded2007-01-01
      LocationKampong Cham
      SectorWholesale / Retail
      Turnover€13,313.79
      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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      We have already contributed to Samel Sang

      Thomas Maas
      A. Pronk
      + and another
      15
      investors