Thida Sok

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Thida Sok

Phillip Bank

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With a loan of EUR 7,600 Thida will be able to build an irrigation system and increase her pepper production.

€7,600

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€7,600
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 6 Enero 2017.

El proyecto

Thida Sok, 23, is married and lives with her husband in Tboung Khmum province. Together with her husband are farmers, growing pepper to earn as main income to support their family. Thida started growing pepper since 2013, and at that time she was able to grow only 100 pepper plantations. So far, her family is able to grow up to 1,000 pepper plantations. The pepper plantation is making much more profit since the demand are from EU countries. There is no matter how much the product they have, the dealer are always buy all the pepper.

She is now is asking for a loan to prepare irrigation system and purchase natural fertilizer. She is confident that this loan will allow her to increase daily income and to better support her family.

Local partner Kredit provides a loan to Thida that must be repaid within 24 months.

Nombre de la empresa	Phillip Bank
Director general	Thida Sok
Fundado	2013-01-01
Ubicación	Memot
Sector	Agricultura
Volumen de negocio	€20,450
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.