Phen Leab

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Phen Leab

Phillip Bank

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The salon of Phen is getting well daily so she wants to expand, depend on customer needs, with EUR 4,400.

€4,400

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,400
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 3 díasen 25 Julio 2016.

El proyecto

Mrs. Phen leab is widowed mother and lives with two children in the Kampong Cham province. She has been running a business as a beauty salon as her main income to support her family living since 2014. Her business is getting well daily so she wants to expand her business depend on customer needs.

Beside the beauty salon, she also has a cashew nut and cassava farms to make profit every year. Currently, she is asking for a loan to buy material for her shop and pay for cashew and cassava farm expense. She sees this loan as a way to increase her income and is confident that the business venture will be successful.

Nombre de la empresa	Phillip Bank
Director general	Phen Leab
Fundado	2014-01-01
Ubicación	Kampong Cham
Sector	Mayorista / Minorista
Volumen de negocio	€23,362.83
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.