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funding gap emerging markets
Cambodia

Sorn Yorn

  • Phillip Bank
  • Invest in a Financial Institution
  • + 14 other investors
  • Yorn is now asking for a loan of EUR 6,350 to purchase a car for transportation purpose in her business.

    €6,350
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,350
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 2 January 2018.

      Summary

      Read the information document of the issuer here

      Mrs. SORN Yorn is a 32 years old women. She is married and living with her husband and two children in the village in Prey Veng province of Cambodia. For support the daily living, she and her husband operates in the business as grocery whole sellers for profits. Since the business is going well, she is now asking for a loan with Kredit to purchase a car for transportation purpose in her business. She sees with this loan is a good opportunities to better support her business and increase her family profits as well.

      Company nameSorn Yorn
      CEOYorn Sorn
      Founded2007-01-01
      LocationPrey Veng
      SectorWholesale / Retail
      Turnover€14,871.18
      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 Sorn Yorn

      Ferdie Daanen
      Piet van der Kooi
      Chris Vandenplas
      + and another
      14
      investors