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funding gap emerging markets
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Kong Savon

  • Phillip Bank
  • Invertir en microfinanzas
  • + otros 15 inversores
  • With a loan of EUR 8,400 Savon is able to buy more materials and tools to increase his construction business.

    €8,400
    Importe
    3.25%
    Interés
    42 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€8,400
    Interés3.25%
    Vencimiento42 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 2 díasen 15 Diciembre 2017.

      El proyecto

      Read the information document of the issuer here.

      Savon is a 35 year old man, living in the province Prey Veng in Cambodia. He has a small business in constructing.

      With this loan he is able to buy new construction materials and tools in order to expand his business. This investment helps him to increase his income. 

      Local partner Kredit provides this loan with a maturity of 42 months. 

      Nombre de la empresaPhillip Bank
      Director generalSavon Kong
      Fundado2013-01-01
      UbicaciónPrey Veng
      SectorServicios
      Volumen de negocio€36,806.72
      Empleados40

      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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