Savun San

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Savun San

Phillip Bank

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With a loan of EUR 7,600 Savun and her husband can irrigate their land and buy natural fertilizer.

€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 10 Enero 2017.

El proyecto

Savun San, 32, is married and lives with her husband and three children in the Tboung Khmum province, Cambodia. She and her husband, Leum Pring, have been working as farmers, growing pepper and raise animals for sell to earn income for about five years.

This year, the weather condition in Cambodia have been difficult for farming as the rain come late which make her spends a lot of money on gas to water the farm. In light of this difficulties, she is asking for a loan to purchase natural fertilizer and prepare irrigation system for pepper plantation. She sees this business opportunity as a way to increase her income and have a higher standard of living.

Local partner Kredit provides a loan to Savun and her husband that must be repaid within 24 months.

Nombre de la empresa	Phillip Bank
Director general	Savun San
Fundado	1998-01-01
Ubicación	Memot
Sector	Agricultura
Volumen de negocio	€30,680.76
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.