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funding gap emerging markets
Cambodia

Khlaing Mom

  • Phillip Bank
  • Invest in a Financial Institution
  • + 12 other investors
  • With EUR 7,200 Mom can buy additional seedlings, a spray can and fertilizer to improve her farming activities.

    €7,200
    Amount
    3.25%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,200
    Interest3.25%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 9 November 2017.

      Summary

      Read the information document of the issuer here

      Mom is a 47-year-old woman who lives in a rural community in the province Kampong Cham in Cambodia with her husband and 2 children.

      For the past 20 years, Mom and her husband are working at their farm where they cultivate rice. Her husband also works as a taxidriver to add more income. With a loan she can pay for additional seedlings, a spray can, and a fertilizer to assist her with her farming activities.

      Local partner Kredit provides this loan with a maturity of 48 months.

      Company nameKhlaing Mom
      CEOMom Khlaing
      Founded1997-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€19,335.59
      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 Khlaing Mom

      Falco Valkenburg
      Annelies Braakman
      + and another
      12
      investors