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funding gap emerging markets
Cambodia

Lay Thida

  • Phillip Bank
  • Invest in a Financial Institution
  • + 21 other investors
  • With a loan of EUR 7,250 Thida can expand her business capitals, purchasing new transportations and increase stocks.

    €7,250
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,250
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 5 January 2018.

      Summary

      Read the information document of the issuer here

      LAY Thida, 37, is a married mother of three children whom living in the Svay Reang province of Cambodia. She and her husband operating a business together where they construct and sells wooden sofa beds since 2007.

      Thida is now asking for a loan to expand her business capitals, purchasing new transportations and increase stocks. She thinks with this investment will help her    to increase her selling to better support her family’s living.

      Company nameLay Thida
      CEOThida Lay
      Founded2007-01-01
      LocationSvay Reang province
      SectorWholesale / Retail
      Turnover€15,726.49
      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.

      • With this investment 1 jobs are created
      • With this investment 4 lives are improved

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      We have already contributed to Lay Thida

      Bibi Smissaert
      Chris Vandenplas
      Piet van der Kooi
      Ferdie Daanen
      + and another
      21
      investors