Po Mony

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Po Mony

Phillip Bank

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With EUR 8,800 Po is able to build 5 additional rooms to be rented out to garment factory workers.

€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 5 díasen 9 Julio 2016.

El proyecto

Mr. PO MONY, 30, is married and lives with his wife in Phnom Penh city. Currently, he rents 10 small rooms to garment factory workers to earn a profit. Each room, he can earn $30-$40 per month, while his wife, DIN Sophars, is a grocery seller from home to help earn an additional income to help support the family.

Mr. PO MONY is now is requesting for a loan to build 5 more rooms to rent to garment workers. he believes that this investment would bring more income for his family.

Together with local partner KREDIT will Lendahand provide a loan that must be repaid in 48 months.

Nombre de la empresa	Phillip Bank
Director general	Po Mony
Fundado	2009-01-01
Ubicación	Phnom Penh
Sector	Servicios
Volumen de negocio	€58,928.57
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.