Koemley Tann

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Koemley Tann

Phillip Bank

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With EUR 17,600 Koemley can repair the tractor and bulldozer they own in order to rent them out again.

€17,600

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€17,600
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 7 díasen 4 Mayo 2016.

El proyecto

Mrs. Tann Koemley is married and lives with five of her children in Kandal province. To earn a living, she opens a small restaurant from her home selling breakfast and lunch. In the morning, she sells rice and soup noodle, and in the afternoon, she cooks 4-5 dishes to sell to her customers. Her husband owns bulldozer, excavator and a tractor to rent. The renting business is making more money to support the family, but currently, the bulldozer and a tractor are being broken. The big trucks are the secondhand trucks and it been used for long time and they often need maintenance.

Now Mrs. Tann Koemley is asking for to replace the bulldozer tire (the iron tire) and fix its engine. She believes that after the trucks are fix, she can rent out for more income.

Nombre de la empresa	Phillip Bank
Director general	Koemley Tann
Fundado	2010-01-01
Ubicación	Kandal
Sector	Servicios
Volumen de negocio	€165,663.71
Empleados	3

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.