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AFM license has been obtained in September 2016

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Ico-06

Do you have a question? Call: 0031 10 717 18 15

Or mail to: info@lendahand.com (response within 24 hours)
Ico-camera CHHEM VEASNA + 4 jobs
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Veasna Chhem

With EUR 11,200 Veasna is able to stock more grocery products to sell and thus increase his income.

40% raised so far, € 6.700,- required
  • image Maturity: 48 months
  • image Local partner: MAXIMA
  • image Receive 3.25% interest per annum

Sout Sineth married Chhem Veasna, he lives with his wife at Khsach Kandal District, Kandal Province of Cambodia. Veasna and his wife is wholesale of grocery. They running this business since 2014 It is family business , does not any hire worker  they sell many kind of production such as cooking oil, noodle, candy, shampoo powder and so on. 

Veasna wishes to enlarge his business, so he is in needs some working capital to purchase more goods stock and fulfill the need of his customers who have much more demand everyday. 

Local partner Maxima will provide the loan, which has to be repaid in 48 months. 

  • Local partner MAXIMA
  • Redemption schedule Semi-annual
  • Maturity 48 months
  • Annualized interest 3.25%
  • Company name Veasna Chhem
  • Owner Mr. Veasna Chhem
  • Location CambodiaKhsach Kandal District, Kandal Province, Cambodia
  • Sector Wholesale / Retail
  • Founded 2014
  • Number of employees 2
  • Turnover € 65.897

About MAXIMA Microfinance plc

  • Number of SMEs in loan portfolio 1,113 (including microloans)
  • Total assets € 11,134,239
  • Leverage ratio 64.5%
  • Loan portfolio € 10,179,186
  • Write-off ratio last 12 months 0%
  • % loan amount in arrears (>90 days) 0.5%
  • % loan amount in arrears (>180 days) 0.6%
  • Numbers updated as of 31 March 2017
Maxima Microfinance Plc was founded with the objective of providing financial services to low income clients through small loans to individuals, groups and small to medium-sized enterprises (SMEs). They have been granted a license as a microfinance institution by the National Bank of Cambodia (NBC) in 2005. Headquartered in Phnom Penh, Cambodia, Maxima is one of the leading microfinance institutions in Cambodia. This partner is a socially and environmentally responsible MFI having strong ethical values and working within the framework of the client protection principles.

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We already lend to Veasna :

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    Bernold Nieuwesteeg
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    chris de hooge
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    Michel van Cappellen
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    Shon van der Veer
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    Rik Pijpers
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    Marco Vonck
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    Jurgen Engelbosch
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    Marijke Janssens
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    Ineke van Werven-Bruijne
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    Martijn Bosveld
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    ronald potuijt
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    Jacob Bosma
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    Peter Koenders
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    Anonymous
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    Anonymous
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    Anonymous
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    Anonymous
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    Anonymous
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    Anonymous
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    Anonymous
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    Anonymous
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    Anonymous
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    Anonymous
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    Anonymous

What happens if...

...a local partner goes bankrupt?

If a local partner for whatever reason goes bankrupt, there is a real chance that (part of) the loan granted by you will not get repayed. Since all local partners are legally speaking strictly separated, it is sensible to spread your investment over various local partners.

...an entrepreneur does not pay back on time or fully?

From experience we know that defaults do not often occur. However, if it happens then our local partner pays back the loan (plus interest) to you. Our partners hold a reserve for this. If the reserve is not sufficient then it will come out of their equity capital.

...the local currency devaluates?

Our local partners bear the exchange rate risks. We settle the loan, redemptions, and interest payments in euro. Therefore, you pay in euro and you receive the money back in euro.
Ico-06

Do you have a question? Call: 0031 10 717 18 15

Or mail to: info@lendahand.com (response within 24 hours)