LendForGood

Bridging capital for EduTech program delivery across Cambodia

Glean Asia

Loan has been fully repaid

Glean Asia is a ‘tech for public good’ impact venture, delivering EduTech projects for major international aid agencies. Their reputation and strong positioning in the Cambodian market has recently created an influx of impact contracts that require significant upfront investment to help strengthen the team through additional employment to service the contracts.

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Borrower
Loan summary

Glean Asia is a ‘tech for public good’ impact venture, with over 12 years of project experience in Cambodia and Southeast Asia. The team specialises in human-centred design (HCD), strategy, and technology development and work collaboratively with governments, corporations, non-profits, social enterprises, and anyone who’s working to make a positive change in their world by helping them do their best work.

Having just won a bunch of new work to deliver impactful technology projects in Cambodia, Glean Asia is seeking an impact loan to provide working capital to support delivery in advance of contract payments, while continuing to expand their ground breaking products in finance and education.

Borrower's mission

Glean Asia have been leading innovators in the tech for good sector since 2010 and are known for the quality of their work, and their design approach to ensure all of the products are local, usable and appropriate for their users. They value creative approaches that bring out the deep insights from the users of their product – mostly rural Cambodians with low digital literacy and connectivity – and to help their clients to map needs and make products that serve their users well. Their unique skill set, driven by a young team of Cambodian tech specialists, allow them to bring together data, human-centred design, and capacity building. As their focus is working with organisations and individuals looking to make a positive impact in their world, they work collaboratively, looking for ways to educate, improve, and grow inside and outside the office.

The core driver of the predominantly Khmer team is the ability to improve their society around them, from helping governments become more transparent in their work, and harnessing the development impact of using open government data, to working with vulnerable children to find community. Glean Asia’s technological reach touches all these aspects of life and brings more peace to Southeast Asia.

The activities funded by this loan are helping to achieve the above Sustainable Development Goals as defined by the UN.

This loan is listed by Impact Intermediary
Intermediary's experience with impact enterprises
For more than 8 years, Red Hat Impact has helped impact enterprises by raising capital and providing other kinds of business and strategy support. We have raised more than $3M from our network of impact investors, and loaned this capital to support 30 enterprises. We use a crowd-lending model to raise loan capital. As of May 2024, we maintain a 98% success rate on loan repayment. We establish close working relationships with all of the impact enterprises we raise debt capital for, and co-manage risks with them during the loan term.
Impacts and how they are measured

The loan will support the following outputs/outcomes for the 3 new projects won: 


  1. Learning Platform for Government Officials on Helping Victims of Gender Based Violence
  2. A mobile app and survivor database of Gender Based Violence
  3. Learning platform for teachers in rural Cambodia


In addition, the loan will enable Glean Asia to maintain its parallel focus on delivering and growing its existing fintech and edutech products.

Ready to lend?

This loan is not currently accepting subscriptions, but we invite you to check out some of the other live loans on the platform. In order to participate in loans you must be a registered lender on the LendForGood platform. If this is your first time lending with us we’ll guide you through the process to first get registered. Thank you for lending your passion!