Chhay Sokleang

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Chhay Sokleang

Phillip Bank

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With EUR 6,200 Chhay is able to acquire a tractor to use on her cassave farm and increase production.

€6,200

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€6,200
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 2 Noviembre 2016.

El proyecto

Chhay Sokleang, 48, is married and lives with her husband, Seam Choeun, in Tboung Khmum province. She has two children and all of them are married. She has been working as a farmer with her husband since 2006 to earn a living. They have 5 hectares of cassava to grow every year, and they were able to purchase 3 more hectares of farmland in 2013 to grow more cassava. Her husband also works as a dealer, purchasing cassava to resell at Vietnam border.

Chhay is now requesting for a loan to purchase a tractor and the rest of the money is to prepare for growing cassava for the next season. She believes that the tractor will not only help plow her farmland but also to rent out for an additional income to support her family.

Must be repaid in 36 months.

Nombre de la empresa	Phillip Bank
Director general	Chhay Sokleang
Fundado	2006-01-01
Ubicación	Dambae
Sector	Agricultura
Volumen de negocio	€26,175
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.