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funding gap emerging markets
Cambodia

Chhe Neang

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With a loan of EUR 2,550 Neang is able to buy a new copy machine for her business and increase profits.

    €2,550
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,550
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 19 hours on 15 November 2017.

      Summary

      Read the information document of the issuer here

      Neang is a 32 year old woman who lives in the province of Kampong Cham in Cambodia. Together with her husband, she owns a little printing shop since 2014. 

      With this loan she can purchase a new copy machine to meet her customers' demand and let her business grow as well as her income. 

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

      Company nameChhe Neang
      CEONeang Chhe
      Founded2014-01-01
      LocationKampong Cham Province
      SectorServices
      Turnover€14,834.18
      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 jobs are created
      • With this investment 4 lives are improved

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