Kimla Horn

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Kimla Horn

Phillip Bank

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With EUR 17,600 Kimla is able to acquire a stretch of land where she can build rooms to rent out.

€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 29 díasen 29 Mayo 2016.

El proyecto

Mrs. Horm Kimla, 33, is married and lives with her husband in Siem Reap province. To earn a living, she and her husband opened a tailor shop with three male employment and one female employment. They both been operating the tailing business since 2012. For the normal clothes like working uniform, Mrs. Kimla can earn USD10 for just a labor, and if customer they purchase the fabric from her own shop she will make an additional income from the fabric as well.

Kimla want to invest in a renting business so that her family can have more income to support the family. She is requesting for a loan to purchase a plot of land where there are many people living nearby so that she can build room to rent out. She believes that the new investment will bring more income for her family in the future.

Nombre de la empresa	Phillip Bank
Director general	Kimla Horn
Fundado	2012-01-01
Ubicación	Siem Reap
Sector	Servicios
Volumen de negocio	€58,407.07
Empleados	4

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.