Lep Toulors

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Lep Toulors

Phillip Bank

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With a loan of EUR 8,800 Lep is able to purchase a store and stock to start a convenience store.

€8,800

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,800
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 27 Agosto 2016.

El proyecto

Lep Toulors, 46, lives with four children in Phnom Penh city. He is a migration police officer since 2009 to earn as main income to support his family. To earn more money, he is asking for a loan for his wife to start grocery business at the local market.

This money is allow him to purchase a local store, groceries and domestics product to sell. He hopes this investment would bring an additional income to support his family.

Nombre de la empresa	Phillip Bank
Director general	Lep Toulors
Fundado	2016-01-01
Ubicación	Phnom Penh
Sector	Servicios
Volumen de negocio	€17,857.14
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.