Sam Sopheap

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Sam Sopheap

Phillip Bank

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With a loan of EUR 6,200 Sam is able to invest in an excavator for his construction business.

€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 3 díasen 29 Agosto 2016.

El proyecto

Mr. SAM Sopheap, 42, is married and lives with his wife in Kampong Cham province. To earn a living, he has been working as a construction foreman to earn as a main income to support his family, while his wife sells food to earn an additional.

He is now request for a loan to purchase an excavator use for himself but also to rent out as he sees a good opportunity to improve his family standard living.

Together with local partner KREDIT will Lendahand provide a loan that must be repaid in 36 months.

Nombre de la empresa	Phillip Bank
Director general	Sam Sopheap
Fundado	2001-01-01
Ubicación	Kampong Cham
Sector	Servicios
Volumen de negocio	€58,950
Empleados	2

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.