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funding gap emerging markets
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Kev Vannorn

  • Phillip Bank
  • Invertir en microfinanzas
  • + otros 42 inversores
  • With a loan of EUR 20,350 Vannorn is able to expand her cashew plantation and increase income.

    €20,350
    Importe
    3.25%
    Interés
    48 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€20,350
    Interés3.25%
    Vencimiento48 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 14 díasen 13 Febrero 2018.

      El proyecto

      Read the information document of the issuer here

      Vannorn is a married woman who resides in the province of Kampong Cham in Cambodia. Together with her husband, she works as a farmer growing cashew on her farmland and selling fried banana's as additional income.  

      With this loan, she is able to purchase more land for cultivation and therefore expand her business. This investment will enable her to better serve her customers and increase income. 

      Local partner Kredit provides this loan with a maturity of 48 months. 

      Nombre de la empresaPhillip Bank
      Director generalVannorn Kev
      Fundado2000-01-01
      UbicaciónKampong Cham Province
      SectorAgricultura
      Volumen de negocio€46,552.84
      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 Kev Vannorn

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      42
      inversores