Hol Ny

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Hol Ny

Phillip Bank

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With EUR 4,800 Ny is able to expand her aluminum handicraft shop by acquiring extra land next to the shop.

€4,800

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,800
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 27 Junio 2016.

El proyecto

Mrs. HOL Ny is working as a rice farmer since 1990 to earn a meager income support her family. Her husband, UON Cheuk, opens a small aluminum equipment handicraft shop that produce such as tables, chairs, widow, roof, and even kitchen material to sell from his home. This business making more profit for his family, and he is able to employ 5 full time workers to help the business.

Currently, the handicraft shop is small and Mr. UON is now asking for a loan to purchase a plot of land nearby to expand the shop, while the rest of the money is used to purchase more material.

Nombre de la empresa	Phillip Bank
Director general	Ny Hol
Fundado	1991-01-01
Ubicación	Prey Veng
Sector	Agricultura
Volumen de negocio	€13,476.10
Empleados	5

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.