Sokpan

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Sokpan

Phillip Bank

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With a loan of EUR 5,400 Sokpan is able to grow his business as a grocery wholesaler.

€5,400

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,400
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 6 díasen 18 Septiembre 2016.

El proyecto

Mr. E Sokpan, 34, is married and lives in the Tboung Khmum Province of Cambodia with his six children. He is a grocery wholesaler, and he has been transport groceries from the trader to resell to the seller in the village and nearby village for about three years. And his wife has been selling groceries at home to earn additional income to support the family.

He is now asking for a loan to enlarge his business by purchasing more groceries to sell. He sees this purchase will allow him to increase his income and raise his family standard of living.

Nombre de la empresa	Phillip Bank
Director general	Sokpan E
Fundado	2014-01-01
Ubicación	Tboung Khmum Province
Sector	Mayorista / Minorista
Volumen de negocio	€54,825
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.