- Loan Did Not Meet Target Subscription Amount
Bridging the Skill Gap and Enhancing Career Opportunities
SALATECH PTE. LTD.
- Phnom Penh, Cambodia
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This loan failed to reach its funding target of
- 3,000 USD
This loan will be used to bridge short-term cash flow challenges while Sala upgrades their platform and onboard new customers. The funding will allow Sala to continue to enhance career opportunities for youth by addressing skill gaps, providing tailored learning tools, and facilitating job placements. The investment will enable sustained impact on education and employment, benefiting both the community and Sala’s growth trajectory.
- 1 Lenders
Committed
- 12 months
Loan Period
- 10%
Interest Rate
- BACKGROUND
Loan summary
The loan will support Sala in addressing short-term cash flow challenges while finalising its platform upgrade, specifically completing the career matching module and onboarding new and existing customers. These enhancements are essential to Sala’s mission of bridging the skill gap for youth by providing personalised career guidance, skill training, and job-matching services. By ensuring the timely delivery of these features and onboarding customers who have already signed up, the loan will enable Sala to maintain its momentum, continue creating educational and employment opportunities, and drive long-term growth.
Borrower's mission
Sala has been dedicated to its impact mission by expanding access to quality education and career opportunities for youth across Cambodia. To date, they have partnered with universities, career centres, and organisations like USAID and Institute Banking and Finance (IBF) to deliver tailored learning tools, career readiness programs, and job matching services. The long-term vision is to scale these efforts, addressing skill gaps and fostering economic growth through innovative technology solutions. Commercially, Sala aims to diversify their revenue streams through enterprise solutions, subscriptions, and job placement fees, ensuring sustainable growth and a lasting social impact.
The activities funded by this loan are helping to achieve the above Sustainable Development Goals as defined by the UN.
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.
- IMPACT
Impacts and how they are measured
The loan will enable Sala to sustain and expand its educational and career services, directly impacting youth by providing them with skills training, personalised career guidance, and job placement opportunities. This will reduce unemployment and underemployment among young people, fostering economic stability and growth in underprivileged communities. Impact will be measured through metrics such as the number of students enrolled in programs, job placement rates, user engagement on the platform, and feedback from partner institutions. Additionally, regular assessments will track improvements in students’ employability and income levels, ensuring the loan’s effectiveness in achieving its social mission.
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!