Chab Sokea

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Chab Sokea

Phillip Bank

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WIth a loan of EUR 10,400 Sokea will have money to buy more cassava, rubber, and cashew nut for resell.

€10,400

Importe

3.00%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€10,400
Interés	3.00%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 14 Abril 2016.

El proyecto

Mrs. Chab Sokea, 45, is married and lives with her husband and one child in Kampong Cham province. To earn a living, She and her husband work as dealers, buying cashew nuts, cassava, mango, and rubber from small farmers to resell at the factory. They also grow rice and cassava on 3 hectars of farmland to have an additional income to support their family.

Mrs. Sokea has started a dealer business for about 4 years but she does not earn more income since there are many competitions and she has little capital to invest. She is requesting for a loan to invest in her dealing business.

After the loan, she will have more money to buy more cassava, rubber, and cashew nut for resell.

Nombre de la empresa	Phillip Bank
Director general	Sokea Chab
Fundado	2012-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€55,978.94
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.