Phillip Bank 12 (KREDIT Cambodia)
With a loan of EUR 17,900 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to 3 entrepreneurs.
€17,900
3.00%
48 months
6 months
EUR
CurrencyAmount | €17,900 |
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 3 entrepreneurs:
- Kres Senghok: works hard in his restaurant and he has two employees who work for him. With a loan of 10,000 USD Kres will be able to build a new canteen.
- Mon Sam is 28 years old and she is a rice farmer. She is requesting a new loan from PLB in the amount 5,100 USD to boost her working capital.
- Kung Sopheak is 33 years old and she is a construction material seller in her community. She has 3 employees and she is requesting a loan of 6,000 USD to purchase a truck for delivering sand, cement, and iron to her customers.
Company name | Phillip Bank |
CEO | Kung Sopheak |
Founded | 2020-08-03 |
Location | Phnom Penh |
Sector | Wholesale / Retail |
Turnover | €50,000 |
Employees | 3 |
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 15 lives are improved