Phillip Bank 5 (KREDIT Cambodia)
With a loan of EUR 25,000 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to a grocery seller and a jewelry store.
€25,000
3.00%
48 months
6 months
EUR
CurrencyAmount | €25,000 |
Interest | 3.00% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
The project
Warning
Given the current situation regarding COVID-19, there is increased uncertainty. Although Phillip Bank is in good shape and agreements have only recently been made with regard to interest and maturities, it is wise to be careful with your investments.
Phillip Bank Plc is a member of PhillipCapital, an integrated Asian financial house based in Singapore, but operational in 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), France, India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA and Vietnam.
Phillip Bank Plc commenced business in Cambodia in 2009. In 2019, they merged with Lendahand's partner Kredit (an MFI focused providing financial services and training to low-income earners).
Information document issuing entity (NL)
Information note issuing entitiy (BE)
With this investment Phillip Bank will be able to finance the following 2 entrepreneurs:
Mour Setha is a grocery seller. She is a business woman for about 11 years. Her husband is a construction foreman. She is asking for a loan to buy the grocery store she is currently renting. She sees this investment as an opportunity that will be able to increase her daily income.
Chhun Lim is a jewelry seller at Phnom Penh City, Cambodia. She wishes to add more jewelry materials to stock in her store. Her business is going well and that is why she is now requesting a loan.
Company name | Phillip Bank |
CEO | Setha Mour |
Founded | 2010-01-22 |
Location | Phnom Penh |
Sector | Services |
Turnover | €15,000,000 |
Employees | 4 |
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 jobs are created
- With this investment 20 lives are improved