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funding gap emerging markets
Cambodia

Mak Sambath

  • Phillip Bank
  • Invest in a Financial Institution
  • + 15 other investors
  • With a loan of EUR 4,400 Mak will be able to dig a pond that will provide the water for her farm.

    €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 10 August 2017.

      Summary

      Mak Sambath, 47, is married and lives in the Kampong Cham province with her two children. She has been cultivating rice and cashew to earn income for support the family’s living for the past 5 years. And her husband also aided the family income from working as a construction worker. Inflation has made prices soar lately in Cambodia, and she realized that she needed to expand her farm to increase her income. Her main source of income from cashew farm that is why she is now asking for her first loan with Kredit to dig a pond that will provide the water for her farm. And the rest of the loan she would like to purchase farming supplement to taking care her cashew. She sees this loan as a great economic opportunity and believes that she can raise her standard of living.
      Company nameMak Sambath
      CEOMak Sambath
      Founded2012-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€13,304.34
      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 Mak Sambath

      Bas Pieters
      Niek de Bruijn
      A. Pronk
      Ron van Eijk
      Aad Smits
      + and another
      15
      investors