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funding gap emerging markets
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Phillip Bank 5 (KREDIT Cambodia)

  • Phillip Bank
  • Invertir en microfinanzas
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  • With a loan of EUR 25,000 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to a grocery seller and a jewelry store.

    €25,000
    Importe
    3.00%
    Interés
    48 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€25,000
    Interés3.00%
    Vencimiento48 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 12 díasen 6 Mayo 2020.

      El proyecto

      Warning

      Given the current situation regarding COVID-19, there is increased uncertainty. Although Phillip Bank is in good shape and agreements have only recently been made with regard to interest and maturities, it is wise to be careful with your investments.

      Phillip Bank Plc is a member of PhillipCapital, an integrated Asian financial house based in Singapore, but operational in 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), France, India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA and Vietnam. 

      Phillip Bank Plc commenced business in Cambodia in 2009. In 2019, they merged with Lendahand's partner Kredit (an MFI focused providing financial services and training to low-income earners). 

      Information document issuing entity (NL)

      Information note issuing entitiy (BE)

      With this investment Phillip Bank will be able to finance the following 2 entrepreneurs:

      Mour Setha is a grocery seller. She is a business woman for about 11 years. Her husband is a construction foreman. She is asking for a loan to buy the grocery store she is currently renting. She sees this investment as an opportunity that will be able to increase her daily income.

      Chhun Lim is a jewelry seller at Phnom Penh City, Cambodia. She wishes to add more jewelry materials to stock in her store. Her business is going well and that is why she is now requesting a loan. 

      Nombre de la empresaPhillip Bank
      Director generalSetha Mour
      Fundado2010-01-22
      UbicaciónPhnom Penh
      SectorServicios
      Volumen de negocio€15,000,000
      Empleados4

      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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