MORM Malen

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MORM Malen

Phillip Bank

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Morm is is asking for a loan of EUR 5,400 to purchase a plot of land to build rooms for rent.

€5,400

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,400
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 5 Agosto 2016.

El proyecto

Mrs. Morm Malen, 29, is married and lives with her husband in Kampong Cham province. To earn a living, she has been working as a garment factory worker since 2012, while her husband is a mechanic to earn as a main income to support the family.

Currently, she is asking for a loan to purchase a plot of land to build room for rent, a purchase that she sees as a good opportunity to improve her standard living in the near future.

Local partner Kredit will provide the loan together with Lendahand.

Nombre de la empresa	Phillip Bank
Director general	Morm Malen
Fundado	2012-01-01
Ubicación	Beak Anloung
Sector	Servicios
Volumen de negocio	€9,421.42
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.