Sorm Samon

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Sorm Samon

Phillip Bank

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With a loan of EUR 6,200 Sorm and Sem will be able to grow more pepper and dig a well and increase their income.

€6,200

Importe

3.00%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€6,200
Interés	3.00%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 14 horasen 31 Agosto 2016.

El proyecto

Sorm Samon, 51, is a resident in the Tboung Khmum Province of Cambodia. She is married and has two children. To earn a living, she has been selling Khmer cake and also aided her husband farm to earn income, while her husband, Sem Tech, is a farmer and has been cultivating rice, pepper, and durian.

Since the price of pepper are increased, she is now asking for a loan to grow more pepper and to dig a well as water supply. She sees this investment will allow her to increase her family income and raise her family standard of living.

Nombre de la empresa	Phillip Bank
Director general	Sorm Samon
Fundado	2006-01-01
Ubicación	Tboung Khmum Province
Sector	Agricultura
Volumen de negocio	€29,421.42
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.