Thay Hen

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Thay Hen

Phillip Bank

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With a loan of EUR 8,800 Hen is able to purchase a crane truck and start his own business.

€8,800

Importe

4.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,800
Interés	4.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 10 díasen 18 Agosto 2016.

El proyecto

Mr. Thay Hen, 53, is married and lives with his wife in Phnom Penh city. To earn a living, he works as a crane truck driver for about 20 years as main income to support his family. His wife stays at home and sells food to earn an additional.

He is now is requesting for a loan to purchase a mini crane truck to service by his own. He will resign from his current work then drive his own crane. He believes that the new business will bring more income for his family.

Nombre de la empresa	Phillip Bank
Director general	Hen Thay
Fundado	2016-01-01
Ubicación	Phnom Penh
Sector	Servicios
Volumen de negocio	€77,142.85
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.