Funding Societies 30
Now that Siow has expanded his pet store with the help of Funding Societies, he can offer his customers a wider range of pet food and accessories. His store contributes to the local economy and employment in Malaysia. Your support helps 15 entrepreneurs like Siow to grow their businesses.
€100,000
6.00%
18 mjeseci
6 mjeseci
EUR
ValutaIznos | €100,000 |
Kamata | 6.00% |
Dospiće | 18 mjeseci |
Otplata | 6 mjeseci |
Valuta | EUR |
Projekt
Do you buy your pet food at the local pet store? In Malaysia, you would shop at Siow’s store, where he runs his business with love and dedication.
With a wide range of pet food and accessories, he meets the needs of pets and their owners. Thanks to the support of Funding Societies, Siow was able to expand his business, purchase new products, and hire additional staff. His store contributes to the local economy and provides employment in Malaysia.
Your support to Funding Societies gives 15 local entrepreneurs in Malaysia the opportunity to improve their quality of life.
Watch Siow's journey: a growing a pet store in Malaysi
What social return could your investment generate?
In Malaysia, small and medium-sized enterprises are central to the economy, accounting for more than 65% of employment. Your investment in Funding Societies makes a difference for 15 entrepreneurs in Malaysia. Supporting these businesses is crucial for both economic growth and improving living standards.
What financial return could your investment generate?
- An annual interest rate of 6%.
- The maturity of the loan is 18 months.
- Your investment will be repaid in equal instalments, along with interest, every six months.
- With an investment of 1,000 euros, your expected return would be 1,060 euros.
- Currency: EUR
The story of Funding Societies
Funding Societies plays an important role in making financial services available to small and medium-sized businesses that are often overlooked in Southeast Asia. This specific project is focused on financing in Malaysia, but Funding Societies is also active in Indonesia, Vietnam, Thailand, and Singapore.
The goal of Funding Societies is to bridge the $320 billion financing gap in Southeast Asia, thereby promoting economic growth and prosperity in the region. Funding Societies believes that stronger SMEs contribute to stronger societies. In line with this belief, Funding Societies has actively provided more than 3 million loans to small and medium-sized businesses over the past years, amounting to a total of more than 815 million euros.
Investing in Funding Societies means not only supporting a financial platform but also directly contributing to strengthening economic and social opportunities in Southeast Asia.
Funding Societies in numbers
- Founded in 2015 with headquarter in Singapore
- 600+ employees
- Financed > €3 billion in loans
- Disbursed > 80,000 SME loans
- Active in 5 markets across Southeast Asia: Indonesia, Vietnam, Thailand, Malaysia, and Singapore
Naziv tvrtke | Funding Societies |
Izvršni direktor | Kelvin Teo |
Osnovan | 2016-11-21 |
Lokacija | Singapore |
Sektor | Financijske usluge |
Promet | €9,200,000 |
Zaposlenici | 600 |
Kreditni rejting | B+ |
Utjecaj
SMEs comprise about 60% of Southeast Asia's GDP and provide most jobs, but they face a $320B financing gap. Funding Societies has stepped in to bridge this gap, financing over €815 million through more than 3 million business loans in the last five years. Their focus lies in short-term credit, typically under 12 months, tailored to meet the needs of SMEs.
The impact of their loans is significant. About 76% of SMEs use their loans for working capital. Many acknowledge that this financing was essential to keep their businesses open and maintain their workforce. Furthermore, Funding Societies fosters women's economic empowerment by supporting female entrepreneurs, who comprise 24% of their borrowers.
Investing in Funding Societies on Lendahand promotes financial inclusion and social mobility in Southeast Asia, more specifically in Indonesia and Vietnam. With Funding Societies, you can contribute to regional development and make a real difference in people's lives.
SDGs 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.
Related blog posts
Read the introduction of Funding Societies as an investment opportunity here.
Want to learn more about Funding Societies? Read our email interview with CEO Kelvin Teo here.
Curious about the impact Funding Societies and Lendahand create together? Watch our interview with Funding Societies’ COO and impact manager, Vikas, here.
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