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funding gap emerging markets
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Phillip Bank 3 (KREDIT Cambodia)

  • Phillip Bank
  • Invertir en microfinanzas
  • + otros 233 inversores
  • With a loan of EUR 63,500 Phillip Bank will be able to provide 6 farmers in Cambodia with capital, so they can purchase tractors, animals and land.

    €63,500
    Importe
    3.00%
    Interés
    48 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€63,500
    Interés3.00%
    Vencimiento48 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 7 díasen 18 Abril 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 can provide loans to 6 farmers in Cambodia:

      Khom is a farmer at Takeo Province of Cambodia. She and her husband have been working as farmers, growing cashew nuts and cassava since 1996 to make income for her family. She would like a loan to expand her farm. Khom is asking for a loan of US$15,000 to purchase a tractor, a purchase that she sees as a good opportunity to increase her family income.

      Sieklim, is a married mother and lives with her husband and three children in Kampong Cham province. She and her husband have been working as farmers, growing cashew nuts and cassava since 1996 to make an income for her family. She would like a loan to expand her farm. Sieklim is asking for a loan of US$10,000 to purchase farmland, a purchase that she sees as a good opportunity to increase her family income.

      Chanthan has been working as a farmer, growing cashew nuts and cassava for 20 years to make an income for her family. She would like a loan to expand her farm. Chanthan is asking for a loan of US$10,000 to purchase farmland, a purchase that she sees as a good opportunity to increase her family income.

      Eng Sydun is a famer at Kampong Cham Province of Cambodia. She has asked a fund to buy more animals, chickens, ducks and cows to raise her income. 

      Thiv Sokha is working as a farmer of animals at Kampong Cham Province of Cambodia. Sokha has been working hard to get a successful life. Sokha wishes to increase her profits and get greater profits, so she asked for a fund to buy more animals.

      Se Nan is working as a farmer of animals at Kampong Cham Province of Cambodia. Sokha wishes to increase her income, so she has asked for a fund to buy more animals.

      Nombre de la empresaPhillip Bank
      Director generalSydun Eng
      Fundado2020-02-06
      UbicaciónPhnom Penh
      SectorAgricultura
      Volumen de negocio€15,000,000
      Empleados9

      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 Phillip Bank 3 (KREDIT Cambodia)

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      233
      inversores