Somat Path

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Somat Path

Phillip Bank

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With EUR 13,200 Somat can acquire additional acres farmland to cultivate pepper, cashew and cassave plants.

€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 3 díasen 19 Abril 2016.

El proyecto

Mrs. Somat has 3 children and lives her husband in Kampong Cham province. She and her husband are hard-working farmers who grow cassava, pepper, and cashew nut on five hectares of farmland since 2005. Her husband pictured from pepper and rubber plantation.

For the last few years, the weather has been a difficult in Cambodia, and the price of rubber are decrease. Most of the farmers are facing with the water irrigation system since the temperature is going hot. Some provinces the temperature is about 40 degree and some of the big pond are also dry as well.

Since the price of rubber is decrease for past years, so she and her want to apply for a loan to purchase 3 hectares more cassava and cashew nut. The price of these two products are stable to make investment to support her family. Must be repaid in 36 months.

Nombre de la empresa	Phillip Bank
Director general	Somat Path
Fundado	2005-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€31,136.84
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.