Sin Mao

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Sin Mao

Phillip Bank

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With EUR 8,800 Sin is able to invest in a store to sell her meet and vegetables in at the local market in Phnom Penh.

€8,800

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,800
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 7 díasen 11 Julio 2016.

El proyecto

Mrs. SIN Mao, 41, is married and lives with her husband in Phnom Penh city. She sells pork, beef and vegetables. Every morning, she brings pork, beef and bone of the pig and cow from local slaughter place to sell from her trailer attached with motorbike. Every day, she is able to sell about 30kg to 40kg of meat and bones every day. She is now requesting for a loan to purchase a store at the local market so that she do not to transport her meat by motorbike. With the new store, she is able to sell more meat and make more income support her family. Must be repaid in 48 months.

Nombre de la empresa	Phillip Bank
Director general	Sin Mao
Fundado	2013-01-01
Ubicación	Phnom Penh
Sector	Mayorista / Minorista
Volumen de negocio	€13,839.28
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.