Men Kheng

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Men Kheng

Phillip Bank

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With a loan of EUR 13,200 Kheng is able to add car batteries to the assortment of her husband's shop.

€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 14 díasen 15 Junio 2016.

El proyecto

Mrs. MEN, Kheng is married and lives with 3 children and her husband in Takeo province. From her home she opens and sells groceries, soybean juice which she makes by herself, and sells some fruits like mango, sugar cane, and some pickle fruits. Her husband, SOKEA, work as a electrician to repair TV, DVD, and other electronic equipment. He also opens an electronic shop selling DVD player, speaker, TV, radio, antenna TV. His shop also sell some kitchen materials like electronic cook stove, electronic tea pot, iron, and etc.

And now Mrs. MEN is asking for a loan to reinvest in her husband business to purchase car batteries for resell. She believes that the new investment will bring an additional income to support her family.

Nombre de la empresa	Phillip Bank
Director general	Kheng Men
Fundado	2013-01-01
Ubicación	Takeo
Sector	Mayorista / Minorista
Volumen de negocio	€102,212.38
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.