Chuon Soklut

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Chuon Soklut

Phillip Bank

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With EUR 30,600 Soklut is able to invest in his restaurant by expanding the kitchen and built 2 VIP rooms.

€30,600

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€30,600
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 4 díasen 11 Abril 2016.

El proyecto

Soklut is married and resides with this wife and two children who are in school in Pursat province. He and his wife opens a big restaurant along the National Road number 5. This road is connect from Phnom Penh to several main provinces.

Before open a restaurant, he was a chef at a big restaurant in Phnom Penh city for more than 10 years.

Mr. Soklut is requesting for a loan from KREDIT together with Lendahand to reinvest in restaurant business. This money is to enlarge the kitchen, build two VIP rooms, and fill the land sounding his restaurant. The loan must be repaid 48 months.

Nombre de la empresa	Phillip Bank
Director general	Soklut Chuon
Fundado	2004-01-01
Ubicación	Pursat
Sector	Servicios
Volumen de negocio	€211,715.78
Empleados	13

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.