Va Kimchhay

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Va Kimchhay

Phillip Bank

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WIth EUR 13,200 Kimchhay's husband can purchase materials to invest in the construction business.

€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 10 díasen 19 Mayo 2016.

El proyecto

Mrs. VA Kimchhay has business selling rice and exchange service from home near the market. Her businesses has been around for about 5 years, while her husband is a construction foreman. Currently, her husband is contract to build two houses. Most of the contract is for labor and some both labor and construction material. He will earn more when client contract both labor and construction material to build a new house.

With the construction business, he is able to hire 11 short time constriction workers to work with. Mrs. VA and her husband are requesting for a loan to purchase construction materials to invest in her husband business.

Nombre de la empresa	Phillip Bank
Director general	Kimchhay Va
Fundado	2003-01-01
Ubicación	Phnom Penh
Sector	Mayorista / Minorista
Volumen de negocio	€157,879.64
Empleados	11

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.