Chhun Vichet

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Chhun Vichet

Phillip Bank

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With a loan of EUR 9,000 Vichet is able to purchase more hectares of pepper plantation to grow more pepper.

€9,000

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€9,000
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 8 díasen 7 Diciembre 2016.

El proyecto

Chhun Vichet and his wife are farmers who live with two children in Tboung Khmum province. They grow pepper to earn as main income to support their family. Vichet started pepper plantation in 2011 for just half hectare but he earns more income since the price is very good. Currently, he is able to grow two hectares of farmland.

Since the pepper plantation is making more profit to support the family, he and his wife are requesting for a loan to purchase one hectare of pepper plantation to grow more pepper. income.

Nombre de la empresa	Phillip Bank
Director general	Vichet Chhun
Fundado	2011-01-01
Ubicación	Memot
Sector	Agricultura
Volumen de negocio	€56,487.27
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.