Huot Darasy

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Huot Darasy

Phillip Bank

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With a loan of EUR 9,000 Darasy is able to buy cassava from farmers to resell.

€9,000

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€9,000
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 8 díasen 15 Diciembre 2016.

El proyecto

Huot Darasy lives with his wife in Tboung Khmum province. He grows and trades cassava to earn as main income, while his wife, Chhunneng pictured from grocery store, sells groceries at the local market for an additional income. The weather conditions have been difficult in Cambodia for these past years, and the price of cassava has been decreased which make his farming and trading business earns less profit.

However, he is asking for a loan to trade cassava from farmers in the village for the next harvest season and also invest in his wife grocery business.

Nombre de la empresa	Phillip Bank
Director general	Darasy Huot
Fundado	2014-01-01
Ubicación	Memot
Sector	Agricultura
Volumen de negocio	€81,818.18
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.