Sorn Soknan

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Sorn Soknan

Phillip Bank

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With a loan of 4,400 EUR Soknan can purchase more farmland to grow peper because of the high price.

€4,400

Importe

3.00%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,400
Interés	3.00%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 7 Julio 2016.

El proyecto

Mrs. Sorn Soknan, 38, is married and lives in the Tboung Khmum province with her two school aged children. She and her husband have been working as farmers since 2006, growing rice, cassava, and pepper to support her family. Currently, the price of pepper has been increased so she want to expand her farm.

To make more income, she is asking for a loan to purchase one hectare of pepper farmland. She believes it will be a good investing for her family and allow her to enlarge her farm in the future.

Nombre de la empresa	Phillip Bank
Director general	Soknan Sorn
Fundado	2006-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€41,681.41
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.