Chhuon Engchhay

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Chhuon Engchhay

Phillip Bank

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With EUR 8,800 Chhuon is able to procure more aluminum in order to meet the rising demand for her products.

€8,800

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,800
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 1 Julio 2016.

El proyecto

Mrs. Chhuon Engchhay is married and lives with her husband and three children in Kampong Cham province. She and her husband opens a small aluminum equipment handicraft shop that produce such as tables, chairs, widow, roof, and even kitchen material to sell from his home. 3 full time employ staff are working to produce all the aluminum material to sell. this business is making more profit to support the family since there is only one shop in a village which provide this service.

She is now is requesting for a loan to purchase more aluminum to meet the rising demand.

The loan must be repaid in 36 months.

Nombre de la empresa	Phillip Bank
Director general	Chhuon Engchhay
Fundado	2002-01-01
Ubicación	Kampong Cham
Sector	Producción manufacturera
Volumen de negocio	€160,714.28
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.