funding gap emerging markets
Cambodia

Seab Eun

  • Phillip Bank
  • Local partner investment
  • + 20 other investors
  • With EUR 4,250 Eun is able to buy one extra hectare of farmland to cultivate more rice and cashew and increase her income .

    €4,250
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,250
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 5 November 2017.
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      Summary

      Read the information document of the issuer here

      Eun is 33 years old, married, and working together with her husband on their rice-, cashew- and cassavefarmland for seven years now. 

      With the loan, Eun can purchase one more hectare of farmland and other supplies to improve her grove of rice and cashew. She sees this loan as an economic opportunity to expand her farmland, boost her productions, and also increase her family’s income.

      Local partner Kredit provides this loan with a maturity of 24 months.

      Company nameSeab Eun
      CEOEun Seab
      Founded2010-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€15,491.52
      Employees4

      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 Seab Eun

      Aad Smits
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      investors