Samor So

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Samor So

Phillip Bank

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With EUR 13,200 Samor is able to expand his stock capacity of grass in order to produce more brooms.

€13,200

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€13,200
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 3 díasen 30 Abril 2016.

El proyecto

Mr. So Samor, 57, is married and lives with his wife and three children in Phnom Penh city. To earn an income, He has bought a long grass from small sellers to make brooms to resell at the market and also distribute to his customers to resell at the province. He has been making and selling brooms since 1990, but for the last ten years he was a small seller. he can produce only about 50-100 brooms for resell each month.

Currently, the broom business has become bigger, and he not only make brooms to resell at the market, but also distribute some amount to his customers at the province. Mr. Samor is now requesting for a loan to increase the stock of long grass so that he can produce more brooms.

Nombre de la empresa	Phillip Bank
Director general	Samor So
Fundado	1990-01-01
Ubicación	Phnom Penh
Sector	Distribución y Procesamiento
Volumen de negocio	€43,805.30
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.