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funding gap emerging markets
Cambodia

Soeun Chan

  • Phillip Bank
  • Invest in a Financial Institution
  • + 17 other investors
  • With a loan of EUR 5,350 Chan can expand her trading business by purchasing more cashew nuts to sell.

    €5,350
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,350
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 12 January 2018.

      Summary

      Read the information document of the issuer here

      SOEUN Chan is married and has only one child whom resides in the Kampong Cham province of Cambodia. She and her husband have been working together in the business as a cashew trader to earn income for the past 20 years.

      To expand her trading business, she is now asking for a loan to purchase more cashew for sell. She sees these purchase will allow her to purchase more cashew and better support her customers.

      Company nameSoeun Chan
      CEOChan Soeun
      Founded1995-01-01
      LocationKampong Cham Province
      SectorWholesale / Retail
      Turnover€12,670
      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 2 lives are improved
      • With this investment 1 jobs are created

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