Sophal Sreng

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Sophal Sreng

Phillip Bank

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With EUR 13,200 Sophal can buy the excavator to have an additional income to support his family.

€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 1 día.en 15 Abril 2016.

El proyecto

Mr. SRENG Sophal is a hard-working farmer and father of two children. he been working as a farmer since 2009, growing rice, rubber, and pepper to support his family. The weather conditions have been difficult in Cambodia, and the price of rubber has been decreased for these past year which make some farmers in bad condition.

Sophal, pictured from his rubber and pepper plantation, was employed as a excavator driver, and now he see a good opportunity to own the excavator to have an additional income to support his family.

He is asking for a loan to purchase an excavator so that he can dig the pond and water irrigation system for a profit.

Nombre de la empresa	Phillip Bank
Director general	Sophal Sreng
Fundado	2009-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€81,284.21
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.