Bou Keo

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Bou Keo

Phillip Bank

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With a loan of EUR 14,800 Bou can enlarge the warehouse and reinvest on construction stock.

€14,800

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€14,800
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 8 Abril 2016.

El proyecto

Bou Keo is married and resides with her husband and one young child who are in school in Prey Veng province. She and her husband opened a small construction shop selling sand, cements, bricks, and variety of construction material to the customers around the local market from her house. This couple has been starting this business since 2013, and they earn a good income as there is not too many competition.

The construction materials such as sand cements, bricks, brick roof are mainly supply by the wholesaler from the provincial town, and the other construction materials such steel are mainly supply direct from Phnom Penh city which is they can have original price.

With the constriction business, they are able to employ 6 construction workers to work with. To expand their business, they are requesting for a loan from KREDIT to enlarge their warehouse and reinvest on construction stock. They also expect for additional income after the loan for about 1,000 USD.

Nombre de la empresa	Phillip Bank
Director general	Keo Bou
Fundado	2013-01-01
Ubicación	Prey Veng
Sector	Mayorista / Minorista
Volumen de negocio	€302,631.57
Empleados	6

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.