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funding gap emerging markets
Cambodia

Phillip Bank 12 (KREDIT Cambodia)

  • Phillip Bank
  • Invest in microfinance
  • + 52 other investors
  • With a loan of EUR 17,900 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to 3 entrepreneurs.

    €17,900
    Amount
    3.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€17,900
    Interest3.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 27 August 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 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 namePhillip Bank
      CEOKung Sopheak
      Founded2020-08-03
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€50,000
      Employees3

      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

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      We have already contributed to Phillip Bank 12 (KREDIT Cambodia)

      Olaf Janssen
      Piet van der Kooi
      Ton Schroer
      Marc Sierink
      Bram Timmerman
      + and another
      52
      investors