First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
Cambodia

Phillip Bank (KREDIT Cambodia)

  • Phillip Bank
  • Invest in a Financial Institution
  • + 252 other investors
  • With a loan of EUR 94,150 Phillip Bank (formerly known as KREDIT Cambodia) can provide 8 entrepreneurs with working capital.

    €94,150
    Amount
    3.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€94,150
    Interest3.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 19 March 2020.

      Summary

      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 (for Dutch investors)

      Information note issuing entity (for Belgian investors)

      With the investment Phillip Bank will be able to provide the following loans:

      Vith Srosh, is a grocery seller at Pursat Province of Cambodia. Turn over is 33,600US per annum, she would like to expand her grocery store.

      Vann Sopheaktra, is a grocery seller in Phnom Penh City. Turnover is 8,496US per annum, she wishes to expand her grocery store.

      So Pheak, is a grocery seller at the Tboung Khmum Province. The turnover is 78,7200US per annum. He has 4 employees and he is requesting a loan of 15,000US to boost his working capital.

      Sun Sokla, is a farmer at Tboung Khmum Province. She would like to increase her business and buy materials for her crops.

      Chheng Ny, is a grocery seller at the Prey Veng province. She has 2 employees and she is requesting a loan of 10,000US to purchase a motorcycle to delive materials.

      Kak Preas, is a grocery seller at Siem Reap province. She is requesting a loan of 13,000US to boost her working capital.

      Moa Yeam, currently is a grocery seller at Phnom Penh city. She is requesting a loan of 10,000US to increase her business.

      Hor Vany, is grocery seller at Kampot Province of Cambodia. She asked for a loan of 10,000Us to purchase a store of grocery to sell and boost her working capital.

       

      Company namePhillip Bank (KREDIT Cambodia)
      CEOOng Teong Hoo
      Founded2009-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€15,000,000
      Employees5000

      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 10 jobs are created
      • With this investment 40 lives are improved

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      We have already contributed to Phillip Bank (KREDIT Cambodia)

      Ton Van der Meer
      Albert Stoter
      Hans Bierhuis
      Gert Baas
      Piet van der Kooi
      + and another
      252
      investors