Yun Sakou

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Yun Sakou

Phillip Bank

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With EUR 13,200 Sakou can invest in a new truck to transport construction workers and material to building sites.

€13,200

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€13,200
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 14 horasen 7 Abril 2016.

El proyecto

Yan Sakou is married and lives with two young children and his wife in Siem Reap province. He is a construction foreman, while his wife sells food at a local market.

Sakou has been a foreman for more than 10 years, and he usually provide his service by contract for a small construction, building house. Sometimes the contract is only for the labor, it means that the house owner is responsible for the construction materials. However, sometimes the contract can be both labor and construction materials cost. With the construction material contract, he is able to earn more than only the labor service.

Sakou has 40 construction workers, 30 are male and 10 are female. He is requesting for a loan from KREDIT to purchase a mini truck to both transport his workers and construction materials. The money is to purchase more construction material to meet the current demand. The loan must be repaid in 36 months.

Nombre de la empresa	Phillip Bank
Director general	Sakou Yun
Fundado	2005-01-01
Ubicación	Siem Reap
Sector	Servicios
Volumen de negocio	€117,894.73
Empleados	40

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.