Sary Khut

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Sary Khut

Phillip Bank

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With EUR 7,000 the children of Sary are able to expand their grocery business and increase the family income.

€7,000

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€7,000
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 6 Agosto 2016.

El proyecto

Mrs. Khut Sary, 52, is married and has 8 children, four are student and four are employed in Kampong Cham province. To earn a living, her husband works as a plumber and electrician, while his wife is a farmer to earn a meager income. This family is also aided by two children who open a grocery store in Phnom Penh city in front of garment factory.

Sary is now requesting for a loan to expand her children's grocery business to earn more income to support the family. She hopes that this investment would bring more income to improve family standard of living.

Nombre de la empresa	Phillip Bank
Director general	Sary Khut
Fundado	2016-01-01
Ubicación	Prey Chor
Sector	Agricultura
Volumen de negocio	€69,642.85
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.