First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
Cambodia

Som Lai

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With EUR 2,700 Lai is able to purchase a walking tractor to use for cultivating farmland and grow more rice.

    €2,700
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,700
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 23 hours on 21 October 2017.

      Summary

      Read the information document of the issuer here

      Lai is 54 years old. She is married and resides with four children in Kampong Cham Province, Cambodia. She and her husband have been working in the rice farm and selling palm juice since 2013.

      With this loan Lai is requesting a loan to purchase a walking tractor to use for cultivating the farmland. This purchase will help her rice cultivation go faster. 

      Local partner Kredit provides the loan, which has to be repaid in 24 months. 

      Company nameSom Lai
      CEOLai Som
      Founded2013-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€10,576.27
      Employees1

      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

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      We have already contributed to Som Lai

      A. Pronk
      + and another
      13
      investors