Koung Limhun

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Koung Limhun

Phillip Bank

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With a loan of EUR 26,200 Limhun and his wife are able to invest in their clothing business.

€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 4 díasen 11 Abril 2016.

El proyecto

Limhun is married and lives with his wife and four children. Two of his children are employed, and two are students. Limhun is working for a private company while his wife is a wholesaler, selling clothes at a big market of Phnom Penh city. Mrs. Limhun's wife is able to employ one worker to work with.

Limhun's wife is usually go direct to oversea like Thailand, China and Vietnam countries to buy clothes in bulk to have original price so that they can have high margin profit.

Since the income are from clothing business, he and his wife are requesting for a first loan from KREDIT to reinvest on clothing business. The loan must be repaid in 48 months.

Nombre de la empresa	Phillip Bank
Director general	Limhun Koung
Fundado	2008-01-01
Ubicación	Phnom Penh
Sector	Mayorista / Minorista
Volumen de negocio	€459,473.68
Empleados	1

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.