Maly

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Maly

Phillip Bank

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With a loan of EUR 17,400 Maly can replace her excavator and use it for community construction projects.

€17,400

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€17,400
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 14 Abril 2016.

El proyecto

Mrs. Sin Maly is married and lives with her husband in Kampong Cham provinces. To earn a profit, she sells sticky rice cake which cook in a bamboo and food which made from fish. This family also have an additional income from her husband who are farmer, growing rice on four hectares of farmland. Her husband also own excavator to dig the pond and water irrigation system in the village to have an extra income.

Seeing a good opportunity of having an excavator business, Mrs. Maly is asking for a loan from KREDIT to replace an old and small excavator for her husband. The new excavator, will allow her husband to do more construction many hour a day. To be repaid in 48 months.

Nombre de la empresa	Phillip Bank
Director general	Maly Sin
Fundado	2013-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€74,715.78
Empleados	2

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.