Sath Sreymom

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Sath Sreymom

Phillip Bank

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With a loan of EUR 5,400 Sreymoms husband is able to purchase construction materials to build a house.

€5,400

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,400
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 13 Octubre 2016.

El proyecto

Sath Sreymom is married and lives with two young children and her husband, Sarum, in Kampong Cham province. She is a teacher and earns a meager income while her husband is a construction foreman. Sarum has been a foreman for more than 5 years, and he usually provide his service by contract for a small construction, building house. Sometimes the contract is only for the labor, it means that the house owner is responsible for the construction materials. However, sometimes the contract can be both labor and construction materials cost.

Sarum is having construction contract to build a house that is why he is asking for a loan to purchase construction material.

Nombre de la empresa	Phillip Bank
Director general	Sath Sreymom
Fundado	2014-01-01
Ubicación	Baray
Sector	Servicios
Volumen de negocio	€15,214.28
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.