Khn Sokheng

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Khn Sokheng

Phillip Bank

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With a loan of EUR 6,200 Sokheng and her husband are able to expand their farmland and grow more cassave.

€6,200

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€6,200
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 22 díasen 26 Agosto 2016.

El proyecto

Mrs. Khn Sokheng, 58, is married and lives with her husband in Dambae district, Tboung Khmum province. To earn a living, she has been selling groceries and farming with her husband to earn as main income to support their family.

To earn more profit to support her family, she is requesting for a loan from Kredit MFI of US$7000 to expand her farmland, growing more cassava.

Nombre de la empresa	Phillip Bank
Director general	Sokheng Khn
Fundado	1997-01-01
Ubicación	Tboung Khmum
Sector	Agricultura
Volumen de negocio	€13,757.14
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.