Hem Chanthan

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Hem Chanthan

Phillip Bank

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With EUR 13,200 Chanthan can buy agri products for her farm like fertilizer to grow mangos and cassave.

€13,200

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€13,200
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 3 Mayo 2016.

El proyecto

Mr. HEM Chanthan is a true entrepreneur, selling variety grocery products from her home. She has been selling for about for 5 years to earn a living and the business is making a good income to support the family. She also work as a sale agent for a Wing Company. This company has a service transfer money from its agent shop to another agent shop. She can earns some income when customer come to transfer money from her booth.

Her husband is a farmer, and he has 10 hectares of cassava plantation and 4 hectares of mango plantation. He usually hires a big truck to transport his cassava to sell at Vietnam border to earn an original price, however, if he sells to a local dealer the price will be a bit lower than the price at Vietnam border. The weather condition for these past years has been difficult for farming, and the cassava output also decreased as well.

However, Mrs. HEN and her husband are requesting for a loan to purchase fertilizers and prepare for the next cassava growing season.

Nombre de la empresa	Phillip Bank
Director general	Chanthan Hem
Fundado	2006-01-01
Ubicación	Battambang
Sector	Mayorista / Minorista
Volumen de negocio	€39,961.06
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.