Heng Yim

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Heng Yim

Phillip Bank

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With EUR 13,200 Yim is able to meet the growing number of orders for the wooden furniture she produces.

€13,200

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€13,200
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 31 Julio 2016.

El proyecto

Mrs. HENG Yim is married and lives with her husband and four school aged children in Phnom Penh city. She and her husband opens a wooden handicraft shop, producing doors, windows, tables, chairs, and other furniture material which made from wood. They have been doing this business for about 10 years to earn a living to support their family, and are able to hire 7 full time staff. This family also got an additional income from contract with house builder who build many houses to install the windows and doors.

To expand their business, they would like to apply for a loan to purchase more woods to expand their business.

The loan must be repaid in 48 months.

Nombre de la empresa	Phillip Bank
Director general	Heng Yim
Fundado	2006-01-01
Ubicación	Phnom Penh
Sector	Distribución y Procesamiento
Volumen de negocio	€211,327.43
Empleados	7

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.