Hort Mach

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Hort Mach

Phillip Bank

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With EUR 13,200 Mach is able to buy extra land to build a second guesthouse and rent out more rooms.

€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 16 díasen 16 Mayo 2016.

El proyecto

Mrs. Hort Mach is married and lives with her husband and two children in Kampong Cham province. To earn a living, she opens a guesthouse with 10 rooms. Currently there are 3 rooms are rent with long term contract and other 7 rooms are usually rent for a short time.

Her husband is a district police officer. She is now looking for a new investment to purchase a plot of land so that she can build a local guesthouse for the future.

Nombre de la empresa	Phillip Bank
Director general	Mach Hort
Fundado	2012-01-01
Ubicación	Kampong Cham
Sector	Servicios
Volumen de negocio	€16,884.95
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.