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funding gap emerging markets
Cambodia

Bun Phal

  • Phillip Bank
  • Invest in a Financial Institution
  • + 10 other investors
  • With a loan of EUR 4,100 Phal is able to purchase new tools and medicine for his medical clinic.

    €4,100
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,100
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 27 January 2018.

      Summary

      Read the information document of the issuer here

      Phal, 64 year old, is a widowed man who lives with his two children in the province of Kampong Cham province in Cambodia. Together with his adult son, he owns a medical clinic and a grocery store. Before Phal retired, he has always worked as a docter. Nowadays, he helps out in his child’s medical clinic now and then. 

      With this loan he is able to purchase more tools and medicine in order to improve the clinic. This investment will help the business and increase the family income.

      Local partner Kredit provides this loan with a maturity of 36 months. 

      Company nameBun Phal
      CEOPhal Bun
      Founded2017-01-01
      LocationKampong Cham Province
      SectorWholesale / Retail
      Turnover€12,709.67
      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 2 lives are improved

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      We have already contributed to Bun Phal

      Marc Sierink
      Marlies Witteveen
      + and another
      10
      investors