funding gap emerging markets
Cambodia

Sakhorn Chann

  • Phillip Bank
  • Local partner investment
  • + 20 other investors
  • With a loan of EUR 5,050 Sakhorn will be able to purchase construction materials to construct furniture to sell.

    €5,050
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,050
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 hours on 11 December 2017.
      Choose amount
      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Read the information document of the issuer here

      Chann Sakhorn is a farmer who lives with her beloved husband in the Prey Veng province of Cambodia. She has been raising pigs to make profits for support the family’s living. Meanwhile her husband is the construction worker and also construct wooden desk, closet, and other furniture to sell.

      Since this business can make high profits, she is now applying for a loan of 6,000USD to purchase construction materials to construct furniture to sell. She believes this loan will allow her to enlarge her husband’s business and increase her family profits as well.

      Company nameSakhorn Chann
      CEOSakhorn Chann
      Founded2007-01-01
      LocationPrey Veng
      SectorManufacturing / Production
      Turnover€17,112.60
      Employees2

      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 1 jobs are created
      • With this investment 4 people are reached

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      We have already contributed for Sakhorn Chann

      Tjerk van Dijk
      Gert Baas
      Onno Oostveen
      Jos Dingemans
      Marlies Witteveen
      + and another
      20
      investors