Oeurn Sam

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Oeurn Sam

Phillip Bank

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With EUR 7,000 Oeurn is able to expand his construction business and hire 4 new employees.

€7,000

Importe

4.00%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€7,000
Interés	4.00%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 22 horasen 31 Agosto 2016.

El proyecto

Mr. Sam Oeurn, 53, is a construction foreman who lives in the Phnom Penh City with his wife and his only one children. After he got the experience from worked as a construction worker in 2008 he decided to run his own business as a construction foreman. And his family is also supported by his wife, Chan Sreymao who is a grocer.

Since this business can make a lot of profits, he is now asking for a loan to reinvest in his business. He believes that this investment as an opportunity to enlarge his business and increase his family standard of living.

To be repaid in 42 months.

Nombre de la empresa	Phillip Bank
Director general	Oeurn Sam
Fundado	2008-01-01
Ubicación	Phnom Penh City
Sector	Servicios
Volumen de negocio	€85,714.28
Empleados	4

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.