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funding gap emerging markets
Cambodia

Seng Thy

  • Phillip Bank
  • Invest in a Financial Institution
  • + 18 other investors
  • With a loan of EUR 5,100 Thy can purchase two more hectares of farmland and expand her cashew cultivation.

    €5,100
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,100
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 24 October 2017.

      Summary

      Read the information document of the issuer here

      Thy, 59 years old, lives with her husband in a village in the Kampong Cham province in Cambodia. For two years now, she has been earning income from working at her own farm with her husband together, growing cashew.

      With a loan she can purchase two more hectares of farmland to improve her grove of cashew. This will allowe her to get more sources of income, increase her profits, and better support her family's living expenses.

      Local partner Kredit provides the loan with a maturity of 36 months. 

      Company nameSeng Thy
      CEOThy Seng
      Founded2011-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€20,674.57
      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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