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funding gap emerging markets
Cambodia

Kong Savon

  • Phillip Bank
  • Invest in a Financial Institution
  • + 15 other investors
  • With a loan of EUR 8,400 Savon is able to buy more materials and tools to increase his construction business.

    €8,400
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,400
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 15 December 2017.

      Summary

      Read the information document of the issuer here.

      Savon is a 35 year old man, living in the province Prey Veng in Cambodia. He has a small business in constructing.

      With this loan he is able to buy new construction materials and tools in order to expand his business. This investment helps him to increase his income. 

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

      Company nameKong Savon
      CEOSavon Kong
      Founded2013-01-01
      LocationPrey Veng
      SectorServices
      Turnover€36,806.72
      Employees40

      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Kong Savon

      Els Mol
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      15
      investors