Horl Len

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Horl Len

Phillip Bank

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With a loan of EUR 9,000 Len is able to buy a hectare of farmland to grow cashew nuts to sell in her store.

€9,000

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€9,000
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 9 díasen 23 Julio 2016.

El proyecto

Mrs. Horl Len, 36, is married and lives with her husband in Kampong Cham province. In the past five years, she was a worker collecting rubber for a private company to earn a meager income. Since the profit was small, she has changed to sell grocery from home and works as a reseller, selling cassava and cashew nuts.

She is now would like to make a new investment, by requesting a loan to purchase a hectare of farmland to grow cashew nuts. The plantation will allow her to collect income in 3-4 years.

Nombre de la empresa	Phillip Bank
Director general	Len Horl
Fundado	2012-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€50,886.48
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.