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

Phillip Bank 15 (KREDIT Cambodia)

  • Phillip Bank
  • Invest in a Financial Institution
  • + 224 other investors
  • With a loan of EUR 78,800 Phillip Bank (before Kredit Cambodia) will be able to provide working capital to 10 entrepreneurs, so they can further expand their companies.

    €78,800
    Amount
    3.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€78,800
    Interest3.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 days on 30 September 2020.

      Summary

      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 10 entrepreneurs:

      1. Lat Sokleang is 41 years and wants to buy a truck to deliver her construction supplies to the customers
      2. Bril Phum is 46 and wants to purchse land to plant mango trees on
      3. Than Savoerun is a ice-cream seller and wants to invest to further service her community
      4. Sum Sarmorn is a farmer and she wants to purchase farm items to use on her farm
      5. Torn Nget is 52 years and is a ice seller in her community at Kandal Province of Cambodia. She would like to buy more supplies to resale
      6. Chev Lin is a farmer at the Takeo Province of Cambodia, she wants to purchase 1 hectare of land for planting more cashew
      7. Van Khoerun is 49 years old and she is a goods seller. She would like to buy more items like drinking water and other goods to sell
      8. Sea Sokhon is 30 years old and she has a house rental service at Kampong Thom province of Cambodia. She wants to purchase construction supplies, cement, sands to build new rooms 
      9. Mey Chanthim is a farmer at the Takeo Province of Cambodia. She would like to buy farm land of 1 hectare for planting more cashew
      10. Hoem Samat is a rice farmer and wants to purchase 1 hectare of land to plant rice paddy
      Company namePhillip Bank 15 (KREDIT Cambodia)
      CEOSoklang Lat
      Founded2010-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€123,966
      Employees10

      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 3 jobs are created
      • With this investment 55 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 15 (KREDIT Cambodia)

      Boudewijn Gailliaert
      Bas Pieters
      Sander Van dijk
      Ton Schroer
      Tammo Bootz
      + and another
      224
      investors