Cheu Lihorng

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Cheu Lihorng

Phillip Bank

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With EUR 18,600 Lihorng is able to stock up lots of cassave in order to sell at the Vietnamese border.

€18,600

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€18,600
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 22 horasen 30 Abril 2016.

El proyecto

Mrs. CHEU Lihorng, 46, is married and lives with her husband and two children in Kratie province. She is a farmer who grow 5 hectares of cassava and one hectare of rubber. the rubber plantation is just for 3 years old, and it will provide income in two years. She also works as a dealer who go to buy cassava from villagers to resell at Vietnam border. From her warehouse, she is usually purchase cassava from small dealers from 5-10 tone each day. Try cassava usually around USD 20 cents per kilogram to resell at Vietnam border, and they use their own truck to transport. Every month, they can transport from 5-8 times which each transportation the truck can load about 30 tones. The dealer business is going very well and make more income to support the family. The only reason they face is that there are many local dealers who compete with the price.

Mrs. CHEU and her husband are requesting for a loan so that they both can reserve to increase a stock of their cassava for resell.

Nombre de la empresa	Phillip Bank
Director general	Cheu Lihorng
Fundado	2012-01-01
Ubicación	Kratie
Sector	Agricultura
Volumen de negocio	€946,470.79
Empleados	2

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.