So Seak

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So Seak

Phillip Bank

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With a loan of EUR 6,200 Seak is able to import more fruits from Thailand to sell to marketsellers.

€6,200

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€6,200
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 6 díasen 14 Julio 2016.

El proyecto

Mrs. SO Seak, 56, is married and lives with her husband and two employed children in Siem Reap province. To earn a living, she has been selling fruits since 2006 in the local market. The fruits are import from Thailand border to sell to small resellers in the market, while she keep some to sell on her own store.
She is also aided by two of her children who are employed as garments workers to support.

To expense her business, she is asking for a loan to order more fruits daily so that she can sell to more small resellers to earn an additional income.

Nombre de la empresa	Phillip Bank
Director general	Seak So
Fundado	2006-01-01
Ubicación	Siem Reap
Sector	Mayorista / Minorista
Volumen de negocio	€79,459.45
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.