Khi Sotdeuvy

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Khi Sotdeuvy

Phillip Bank

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With a loan of EUR 26.200 Khi is able to invest in a tractor to help her plough her farmland.

€26,200

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€26,200
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 15 horasen 6 Abril 2016.

El proyecto

KHI Sotdeuvy is married and lives with her husband and two of her children who are in school in Tram Kak province. To earn a living, she opens and sells variety of groceries from her home near taxi station which is very close to the local market. She sells bakeries, food that is packaged in cans, drinking water, beers, and more. Most of her customers are passengers which usually travel from Phnom Penh to their home town. Her husband is a farmer, and he grows avocado, taro, guava, and cassava on 2 hectares of farmland.

The loan request is mainly used to purchase a tractor to work on farmland, and the rest of the money is to both reinvest on grocery business and fertilizer.

They both hope that the purchase of tractor, will allow them to save from hiring neighbor tractor to plow their farmland and they also earn an income from hiring their tractor to plow other neighbor farmland to earn an income.

Nombre de la empresa	Phillip Bank
Director general	Khi Sotdeuvy
Fundado	2005-01-01
Ubicación	Tram Kak province, Phnom Penh, Cambodia.
Sector	Agricultura
Volumen de negocio	€68,421.05
Empleados	5

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.