Thoeun Hem

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Thoeun Hem

Phillip Bank

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Mrs. HEM is now requesting for a loan of EUR 4,400 to purchase hand tractor to plow on paddy field.

€4,400

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,400
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 6 díasen 22 Junio 2016.

El proyecto

Mrs. HEM Thoeun, 40, has 4 children and lives with her husband in Kampong Cham province. She and her husband, pictured from the farm, are hard-working farmers who grow cashew nuts on five hectares of farmland. The cashew nut plantations is now five years old, and they are able to collect the output to sell.

Mrs. HEM is now requesting for a loan to purchase hand tractor to plow on paddy rice field, and also rent to neighbors for additional income to support the family.

Nombre de la empresa	Phillip Bank
Director general	Thoeun Hem
Fundado	2006-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€19,157.14
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.