Phillip Bank 14 (KREDIT Cambodia)
With a loan of EUR 35,500 Phillip Bank (previously called Kredit Cambodia) will be able to provide working capital to 6 entrepreneurs, mostly farmers.
€35,500
3.00%
48 meses
6 meses
EUR
MonedaImporte | €35,500 |
Interés | 3.00% |
Vencimiento | 48 meses |
Reembolsos | 6 meses |
Moneda | EUR |
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 6 entrepreneurs:
- Siv Yin is 49 years old and she is a farmer. She would like to request a loan 10,000USD to purchase farm supplies and other input needed on her farm to boost her working capital
- Chou Yun is 56 years old and she is a grocery seller in her community. She has been requesting a new loan to expand her working capital for buying new products to stock in her store
- Ath Chengkoeng is 33 years old. She is requesting a new loan to purchase the farm supplies
- Chhay Sothea is a clothing seller in the Prey Veng Province of Cambodia. She needs a loan of 6,000 USD to purchase more supplies and boost her working capital
- Lunh Moeurt is a grocery seller on a market at Battambang Province of Cambodia. Wit a loan, she can purchase supplies for resale.
- Horl En, 36, is a rice farmer and she is requesting a new loan for buying farm supplies, fertilizers, soils and rice seeds
Nombre de la empresa | Phillip Bank |
Director general | Yin Siv |
Fundado | 2020-08-26 |
Ubicación | Phnom Penh |
Sector | Mayorista / Minorista |
Volumen de negocio | €80,000 |
Empleados | 6 |
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.
- Con esta inversión se crean 2 puestos de trabajo
- Con esta inversión se mejoran 30 vidas