Song Sengleang

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Song Sengleang

Phillip Bank

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With a loan of EUR 5,000 EUR Song will be able to diversify her income by starting to trade cassava as well.

€5,000

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,000
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 6 Diciembre 2016.

El proyecto

Song Sengleang is a widowed farmer and lives with her two children in Kampong Cham province. She grows and trades cashew nuts to earn as main income to support her family. She has 3 hectares of farmland growing cashew nuts and she is able to collect about 3,000-4,000 dollar profit each hectare per year. She is now requesting for a loan to trade cassava and cashew nuts to resell.

Local partner Kredit provides a loan to Song that must be repaid within 36 months.

Nombre de la empresa	Phillip Bank
Director general	Song Sengleang
Fundado	2016-01-01
Ubicación	Chamka Leu
Sector	Agricultura
Volumen de negocio	€19,090.90
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.