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funding gap emerging markets
Cambodia

Phan Sophorn

  • Phillip Bank
  • Invest in a Financial Institution
  • + 1 other investors
  • With a loan of EUR 3,400 Sophorn can purchase extra farmland to cultivate cashew and increase her crop yields.

    €3,400
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,400
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 19 hours on 24 October 2017.

      Summary

      Read the information document of the issuer here

      Sophorn is a 43 year old married woman. She lives with her husband and two children in a village in the Kampong Cham province of Cambodia. For the past 3 years, she and her husband have been earning income from their rice farm and tailoring textiles for fees to support the family’s living.

      With a loan she can purchase a farmland to grow cashews on. This loan will allow her to increase her crop yields and income. 

      Local partner Kredit provides this loan with a maturity of 42 months.

      Company namePhan Sophorn
      CEOSophorn Phan
      Founded2015-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€13,477.96
      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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