funding gap emerging markets

Ny Sreng

  • Phillip Bank
  • Inversión con socio local
  • + 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.

    12 meses
    6 meses
    Vencimiento12 meses
    Reembolsos6 meses
      Completamente financiado en 3 horasen 13 Septiembre 2017.
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      Invertir desde €10
      Inversión media
      Basado en todas las inversiones históricas de Lendahand
      Financiación completa
      El proyecto se financiará por completo


      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
      UbicaciónKampong Cham
      Volumen de negocio€39,488.13


      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.


      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

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