Khuch Chamreun

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Khuch Chamreun

Phillip Bank

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With EUR 11,400 Khuch is able to rent 25 additional acres of land for his cassave, rice and beans farm.

€11,400

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€11,400
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 1 Junio 2016.

El proyecto

Mr. KHUCH Chamreun is married and lives with his wife in Kampong Cham province. He has been working as a farmer for about 10 years to earn a living. He grows cassava, beans, and rice on 10 hectares of farmland to earn a profit. He also works as a dealer, purchasing cassava and beans to resell at Vietnam border. His wife, SREY, is a professional tailor and opens a tailoring shop from home.

Mr. KHUCH is now requesting for a loan to hire 25 hectares of farmland to grow cassava. This is a big investment and he strongly believes that the cassava plantation will bring more income to help support the family.

Nombre de la empresa	Phillip Bank
Director general	Khuch Chamreun
Fundado	2008-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€41,299.11
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.