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funding gap emerging markets
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Ny Sreng

  • Phillip Bank
  • Invierte en una Institución Financiera
  • + otros 15 inversores
  • With a loan of EUR 4,250 Ny can purchase farmland to grow more crops like rice. Also she can hire an employee.

    €4,250
    Importe
    3.00%
    Interés
    12 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€4,250
    Interés3.00%
    Vencimiento12 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 3 horasen 13 Septiembre 2017.

      Resumen

      Ny Sreng is married farmer, who lives in the Kampong Cham province with her husband and her only children. She cultivating rice to earn income, while her husband working as a construction foreman to aid the family income.

      She approached Kredit about a loan of 5,000US$ to purchase farmland to grow more crops. She believes that this extra source of income will be sustainable and that the farmland can be a valuable tool to increase her standard of living.

      Nombre de la empresaNy Sreng
      Director generalSreng Ny
      Fundado2010-01-01
      UbicaciónKampong Cham
      SectorAgricultura
      Volumen de negocio€39,488.13
      Empleados2

      Impacto

      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.

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      Ya hemos invertido en Ny Sreng

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