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funding gap emerging markets
Cambodia

Nhoeb Cheng

  • Phillip Bank
  • Invest in a Financial Institution
  • + 12 other investors
  • With a loan of EUR 2,550 Cheng is able to expand her beauty salon and increase her income.

    €2,550
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,550
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 26 October 2017.

      Summary

      Read the information document of the issuer here

      Cheng is a 24-year-old, married mother and has one child. She lives in a village in the Kampong Cham Province in Cambodia. She earns her income from running a beauty salon and she has been doing the business for the past four years. Her husband is a driver.

      Now, she would like to request a loan because she needs finances to expand her business, renovate her shop and add more materials for her beauty salon. With this loan, she will be able to buy more materials and improve her business.

      Local partner Kredit provides the loan, which has to be repaid in 36 months. 

      Company nameNhoeb Cheng
      CEOCheng Nhoeb
      Founded2013-01-01
      LocationKampong Cham Province
      SectorServices
      Turnover€13,050.84
      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

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      We have already contributed to Nhoeb Cheng

      Corné de Haas
      A. Pronk
      Ton Schroer
      + and another
      12
      investors