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funding gap emerging markets
Cambodia

Kov Saron

  • Phillip Bank
  • Invest in a Financial Institution
  • + 11 other investors
  • Saron is now asking for a loan of EUR 2,550 to buy more hectares of farmland and increase her rice cultivation.

    €2,550
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,550
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 hours on 22 November 2017.

      Summary

      Read the information document of the issuer here

      Saron a is married woman, who lives in the province of Kampong Cham in Cambodia, together with her husband. Both of them have been working on their rice cultivation for 17 years.

      With this loan, Saron can buy more farmland to grow more crops. This will lead to extra income so they can improve their standard of living. 

      Local partner Kredit provides this loan with a maturity of 12 months. 

      Company nameKov Saron
      CEOSaron Kov
      Founded2000-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€38,389.83
      Employees3

      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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      We have already contributed to Kov Saron

      Piet van der Kooi
      + and another
      11
      investors