Mao Mom

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Mao Mom

Phillip Bank

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Mao is now asking for a loan of EUR 4,400 to expand her business by purchase clothes in bulk in Thailand.

€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 2 díasen 5 Agosto 2016.

El proyecto

Mrs. Mao Mom resides in Prey Veng with her husband. She is a true entrepreneur selling clothes in the downtown market. Every 3 months, she goes to Thailand where she can buy the clothe in bulk to resell. Before she was a food seller but she stopped as she make less income.

Since the clothes business is making good income to support the family, she is now asking for a loan to expand her business by purchase clothes in bulk to have special discount and to meet her customer demand as well.

Nombre de la empresa	Phillip Bank
Director general	Mao Mom
Fundado	2014-01-01
Ubicación	Peam Ro
Sector	Mayorista / Minorista
Volumen de negocio	€8,928.57
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.