Or Khorn

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Or Khorn

Phillip Bank

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With EUR 6,200 Or is able to purchase a water pump and farming materials to grow more pepper.

€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 1 día.en 12 Octubre 2016.

El proyecto

Mrs. Or Khorn, 52, is a widowed mother of four children and lives in the Tboung Khmum Province of Cambodia. To earn the living, she working a pepper farm for more than ten years. When she is harvesting, the traders are come to buy the pepper in the farm. So she no need to spend for transportation costs, it the way that she can get extra income from her business.
The weather conditions have been difficult for farming that is the reason Khorn is asking for a loan to purchase a water pump and to buy farming materials for grow more pepper. She believes that this purchase will allow her to increase her income and be able to better support her family.

Nombre de la empresa	Phillip Bank
Director general	Or Khorn
Fundado	2002-01-01
Ubicación	Tboung Khmum Province
Sector	Agricultura
Volumen de negocio	€20,282.14
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.