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funding gap emerging markets
Cambodia

Phillip Bank 7 (KREDIT Cambodia)

  • Phillip Bank
  • Invest in microfinance
  • + 199 other investors
  • With a loan of EUR 57,550 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to 5 female entrepreneurs.

    €57,550
    Amount
    3.00%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€57,550
    Interest3.00%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 days on 25 May 2020.

      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 5 entrepreneurs:

      Chheng Saly is a businessman with a chicken farm. She employees 9 people. She is requesting for working capital of US 10,000 to boost the business.

      Mrs. Pich Sovann is married and lives with her husband in Kampong Cham Province. She has a big store and sells fish in a downtown market of Kampong Cham Province. She is asking for a loan from KREDIT of US$17,000 to make investments. She would like to invest US$ 8,500 in her fish business, and also US$8,500 to buy transportation for the delivery of her fish.

      Chanthet has a business, selling grocery in the supermarket for about two years. Most of the products are from Thailand, and every month she goes to Thailand to fill her stock. Currently, the business is making a good profit. She is now asking for a loan of 10,000 USD to increase her grocery.

      Em Vin, is a fuel seller at Krong Soung. She employs 2 people. She has been requesting a loan of 10,000 US to increase her working capital requirements.

      Bil Neang, is working as an entrepreneur who sells rice. She employs 7 people and she would like to take a fund of 16,000 US to boost her working capital. 

      Company namePhillip Bank
      CEOSaly Chheng
      Founded2020-02-10
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€15,000,000
      Employees20

      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 5 jobs are created
      • With this investment 25 lives are improved

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      We have already contributed to Phillip Bank 7 (KREDIT Cambodia)

      Trees van den Hoogen
      Piet van der Kooi
      Hans Bierhuis
      Anneloes Gerritsen
      rits dijkstra
      + and another
      199
      investors