Ol Barang

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Ol Barang

Phillip Bank

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With a loan of EUR 13,200 Barang is able to expand the stock of mini van parts to sell in the garage store.

€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 9 díasen 24 Mayo 2016.

El proyecto

Mr. OL Barang is married and lives with this wife in Pailin province. He is a taxi driver from Pailin province to Phnom Penh city. He has been running this business for about 3 years to earn a living to support his family. His wife is a true entrepreneur, selling car spare part. She usually supply the min-van (15 seats) and a small truck spare part. The spare part is supply from provincial market and Phnom Penh market where most of wholesaler always go to fill their stock.

Mr. OL would like to request for a loan to increase a stock of car spare part in bulk so that for his wife.

Nombre de la empresa	Phillip Bank
Director general	Barang Ol
Fundado	2014-01-01
Ubicación	Pailin
Sector	Servicios
Volumen de negocio	€107,787.61
Empleados	3

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.