ORN Chheat Car Garage

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ORN Chheat Car Garage

Phillip Bank

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With a loan of EUR 20,200 Orn is able to purchase more spare part in bulk for his car repair garage.

€20,200

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€20,200
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 15 horasen 6 Abril 2016.

El proyecto

ORN Chheat is married and lives with his wife and four of his children in Dambae district Tboung Khmom province. To earn a living, he runs a small car garage from his home to service people around his village. He has been running car garage since 2005. Before owning his small car garage, he used to learn how to repair car for about 4 years. Currently, he is not only provide repairing service, but he is also sell motor spare part car. For the last two years, he is able to hire two men to help support his business. Most of his customers are satisfies his service provider since the price he charge is reasonable, and most of the customers are from word to mouth.

With the loan from KREDIT, he is able to purchase more spare part in bulk so that he can have special discount from wholesaler. He also expect to earn an additional income about 800 USD monthly. In the future, he wants to expand his car garage business bigger and employ more men.

Nombre de la empresa	Phillip Bank
Director general	Orn Chheat
Fundado	2005-01-01
Ubicación	Dambae district, Tboung Khmom, Phnom Penh city, Cambodia..
Sector	Servicios
Volumen de negocio	€24,473.68
Empleados	2

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.