Oun Ney Yen

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Oun Ney Yen

Phillip Bank

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Ney is in need of working capital of EUR 6,200 to purchase large quantities of areca nuts and create stock.

€6,200

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

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

100%

Completamente financiado en 2 díasen 24 Junio 2016.

El proyecto

Mrs. OUN Ney Yen, 33, is married and lives with her husband and two children in Kampong Cham province. To earn a living, she buys areca nuts (is the seed of the areca palm that old people especial old women often chewed wrapped in betel leaves) and resell at the market. Mrs. OUN is often drive her motorcycle with the trailer attach to buy areca nuts from her neighbors and resell them at the market. Her husband receives the commission to raise company chickens. He owns his big chicken cage then the company will provide small chickens and food to feed daily. When the chickens are time to sell then the company will buy all the chicken with the contract price.

Mrs. OUN is now requesting for a loan to reinvest on her areca nuts business. she will use this money to stock areca nuts and resell when the price is good.

Nombre de la empresa	Phillip Bank
Director general	Ney Yen Oun
Fundado	2012-01-01
Ubicación	Kampong Cham
Sector	Mayorista / Minorista
Volumen de negocio	€189,557.52
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.