Kun Kimlean

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Kun Kimlean

Phillip Bank

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With EUR 5,000 Kimlean is able to purchase additional land for her rice, cashew nuts and rubber farm.

€5,000

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,000
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 13 díasen 18 Agosto 2016.

El proyecto

Mrs. Khun Kimlean, 49, is married and lives with her husband in Tboung Khmum. Since 2001, she and her husband have been growing rice, cashew nuts, and rubber to support her family.

In 2013, she was able to purchase a tractor which her husband used to plow farmland to earn an additional income. Currently, she is asking for a loan of US$5600 to expand her farmland, growing more cashew nuts.

The loan must be repaid in 24 months.

Nombre de la empresa	Phillip Bank
Director general	Kimlean Khun
Fundado	2001-01-01
Ubicación	Tboung Khmum
Sector	Agricultura
Volumen de negocio	€31,789.28
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.