Va Sophat

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Va Sophat

Phillip Bank

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With a loan of EUR 4,400 construction foreman Sophat is able to build three rooms for renting.

€4,400

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,400
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 6 díasen 16 Noviembre 2016.

El proyecto

Va Sophat is married and lives with his wife in Phnom Penh city. He is a construction foreman, while his wife is a grocery seller. He has been a construction foreman for about 5 years, and he usually provides 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.

To have another source of income, he is asking for a loan to build three rooms for renting. He believes that this investment would bring more income to help support his family.

Nombre de la empresa	Phillip Bank
Director general	Sophat Va
Fundado	2010-01-01
Ubicación	Phnom Penh
Sector	Servicios
Volumen de negocio	€11,891.89
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.