Ouch Yom

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Ouch Yom

Phillip Bank

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With a loan of EUR 21,800 Ouch is able to invest in a third truck for his transport- and import/export business.

€21,800

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€21,800
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 11 horasen 6 Abril 2016.

El proyecto

Ouch Yom lives with his wife and two young children who are in school in Kiri Vong district, Takeo province. He has been a true entrepreneur for many years, transporting goods from Cambodia to Vietnam border and bring goods from Vietnam to resell in Cambodia. This business has started since 2008, and he has earned more income from this business to support his family. He uses two mini tracks and one boat to service the transport service which usually bring rice and agriculture products to Vietnam border. For the transportation service is not earn as much as the business that he bring goods from Vietnam border to resell at Cambodia.

For the current business, he is able to employ 17 workers part time job.

With the loan from KREDIT, he is able to purchase another truck to improve his current service. He is also expecting for an additional income for about 1,500 USD per month. To be repaid in 48 months.

Nombre de la empresa	Phillip Bank
Director general	Ouch Yom
Fundado	2008-01-01
Ubicación	Kiri Vong, Takeo province, Cambodia.
Sector	Servicios
Volumen de negocio	€121,052.63
Empleados	17

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.