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funding gap emerging markets
Cambodia

Phillip Bank 8 (KREDIT Cambodia)

  • Phillip Bank
  • Invest in microfinance
  • + 253 other investors
  • With a loan of EUR 76,800 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to 6 female farmers.

    €76,800
    Amount
    3.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€76,800
    Interest3.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 13 days on 15 June 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 6 female entrepreneurs:

      Hem Sreyneat, is a farmer who lives in Bateay Meanchey Province of Cambodia. She wishes to renovate her house, so she decided to take a loan of 10,000 USD

      Chen Vanny, is a chicken farmer raised in Battambang Province of Cambodia. She has been requesting a fund of 20,000US to boost her working capital.

      Sou Sophea, is a farmer at the Pursat Province of Cambodia. She has been requesting a loan of 10,000US to boost her working capital.

      Mom Chanthoeun, is a farmer at Kampot Province of Cambodia. Chathoeun has requested a fund with the amount of 10,000USD to purchase more animals.

      Hy Yoeun, is a farmer at Prey Veng Province of Cambodia. She has been requesting a loan of 12,000USD to boost her working capital and purchase more land to plant rice.

      Mass Pjong, is a farmer at Steng Treang Province of Cambodia. She has requested a loan of 20,000USD to boost her working capital.

      Company namePhillip Bank
      CEOVanny Chen
      Founded2020-02-11
      LocationPhnom Penh
      SectorAgriculture
      Turnover€15,000,000
      Employees6

      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 8 (KREDIT Cambodia)

      Dirk Rentmeester
      M. Fleuren
      Bram Timmerman
      Manfred Jansen
      Jan Mostert
      + and another
      253
      investors