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funding gap emerging markets
Cambodia

Soeun Saroeun

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With a loan of 4,400 farmer Soeun is able to expand his his current activities and start trading cashews.

    €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 1 day on 16 June 2017.

      Summary

      Soeun Saroeun, 43, is a resident in the Kampong Cham province. He is married and has four children in his care. He and his wife are farmer and has been cultivating rice, cassava and other crops as well. 

      In order to makes more profits, he is now asking for a loan to run a new business as a cashew trader. He sees this new business will help his family finance and better support his family living. 

      Local partner Kredit will provide this loan.

      Company nameSoeun Saroeun
      CEOSoeun Saroeun
      Founded2010-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€16,071.42
      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 2 jobs are created
      • With this investment 8 lives are improved

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