San Khen

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San Khen

Phillip Bank

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With EUR 4,400 San is able to invest in a business selling duck eggs next to his rubber and rice farm.

€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 4 díasen 25 Junio 2016.

El proyecto

Mr. San Khen is a hard-working farmer who lives with three children. he has been working as a farmer since 2009, growing rice and rubber to support his family. The weather conditions have been difficult in Cambodia, and the price of rubber has been decreased for these past year which make some farmers in bad condition.

Mr. San is now requesting for a loan to invest in another business, raising ducks for eggs.

Together with local partner KREDIT will Lendahand provide a loan that must be repaid in 24 months.

Nombre de la empresa	Phillip Bank
Director general	San Khen
Fundado	2000-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€6,889.28
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.