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funding gap emerging markets
Cambodia

Heng Nary

  • Phillip Bank
  • Invest in a Financial Institution
  • + 23 other investors
  • Nary is now asking for a loan of EUR 8,150 which enables her to purchase a new tractor and improve her business.

    €8,150
    Amount
    3.25%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,150
    Interest3.25%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 1 February 2018.

      Summary

      Read the information document of the issuer here

      Nary is a married woman who lives in the province of Tbong Khmum in Cambodia. She and her husband (see picture) work together in their transporting business for 16 years now. They transport soil from farmers to support the family’s living.

      With this loan she can purchase a new tractor. This investment is a good opportunity to improve her business and increase her family income.

      Local partner Kredit provides this loan with a maturity of 48 months. 

      Company nameHeng Nary
      CEONary Heng
      Founded2000-01-01
      LocationTbong Khmum province
      SectorServices
      Turnover€21,495.93
      Employees1

      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 Heng Nary

      Marc Sierink
      + and another
      23
      investors