funding gap emerging markets
Cambodia

Ny Sreng

  • Phillip Bank
  • Local partner investment
  • + 15 other investors
  • With a loan of EUR 4,250 Ny can purchase farmland to grow more crops like rice. Also she can hire an employee.

    €4,250
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,250
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 hours on 13 September 2017.
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      Summary

      Ny Sreng is married farmer, who lives in the Kampong Cham province with her husband and her only children. She cultivating rice to earn income, while her husband working as a construction foreman to aid the family income.

      She approached Kredit about a loan of 5,000US$ to purchase farmland to grow more crops. She believes that this extra source of income will be sustainable and that the farmland can be a valuable tool to increase her standard of living.

      Company nameNy Sreng
      CEOSreng Ny
      Founded2010-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€39,488.13
      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 Ny Sreng

      André Kloosterman
      Frank Fekken
      Ton Schroer
      Jan de Wit
      + and another
      15
      investors