Van Yim

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Van Yim

Phillip Bank

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With EUR 4,400 Yim is able to move his shop to a larger store and accommodate more customers.

€4,400

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,400
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 6 díasen 11 Agosto 2016.

El proyecto

Mr. Yim, 58, lives with his four children in Kampong Cham province, Cambodia. He started his retailing business where he sells shoes, cosmetics, jewelry and clothes for both men and women.

He would like to purchase a bigger shop, clothes, shoes, and cosmetics for his customers demand. He believes that with the loan, the expansion of his business will bring about an increased income and a higher standard of living.

Now he is requesting a loan from KREDIT to reinvest on his business. The loan must be repaid in 24 months.

Nombre de la empresa	Phillip Bank
Director general	Yim Van
Fundado	2016-01-01
Ubicación	Kampong Cham
Sector	Mayorista / Minorista
Volumen de negocio	€39,642.85
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.