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Why this warning despite license?

AFM license has been obtained in September 2016

Why this notice?

Lendahand has obtained an AFM license in September 2016. Crowdfunding platforms with a licence are nevertheless obliged to show this banner on the website if they make use of the exemption until EUR 2,5 million. The banner informs you that there is no approved prospectus necessary for this activity because of the exemption.

Read more about the risks of crowdfunding in our FAQ.

Ico-06

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

Or mail to: info@lendahand.com (response within 24 hours)
Ngoern Hen + 1 jobs
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Ngoern Hen

With a loan of EUR 5,200 Hen thinks this investment will allow her to increase her crop yields and her family profits.

50% raised so far, € 2.600,- required
  • image Maturity: 42 months
  • image Local partner: Kredit
  • image Receive 3.25% interest per annum

Hen, 40, is married mother of four children living in Kampong Cham province of Cambodia. She and her husband are farmers and have been cultivating rice, cassava, and cashew to making profits for support the life expenses.

Due to a shortage of finance, she is now asking a loan to grow more cashew. She thinks this investment will allow her to increase her crop yields and her family profits.

  • Local partner Kredit
  • Redemption schedule Semi-annual
  • Maturity 42 months
  • Annualized interest 3.25%
  • Company name Ngoern Hen
  • Owner Ms. Hen Ngoern
  • Location CambodiaKampong Cham, Cambodia
  • Sector Agriculture
  • Founded 2011
  • Number of employees 2
  • Turnover € 15.652

About Kredit

  • Number of SMEs in loan portfolio 6,767 (including microloans)
  • Total assets € 165,375,265
  • Leverage ratio 15.41%
  • Loan portfolio € 142,778,726
  • Write-off ratio last 12 months 0.41%
  • % loan amount in arrears (>90 days) 0%
  • % loan amount in arrears (>180 days) 0%
  • Numbers updated as of 31 march 2017
KREDIT is one of the largest financial institutions in Cambodia and has become unique in the industry with regards to its ability to respond to the social needs of clients and communities. KREDIT is providing clients with a variety of finance and non- finance products and services. Besides this, KREDIT takes 5-10 per cent of its annual net profits and donates this to social initiatives in the region.

Read more

We already lend to Hen:

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    Gert Baas
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    Lia Fondse
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    Pieter Verlee
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    Martijn Bosveld
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    ronald potuijt
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    Jacob Bosma
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    Michel van Cappellen
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    Frank Fekken
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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

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)