Som Sreytoch

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Som Sreytoch

Phillip Bank

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Som Sreytoch would like a loan of EUR 4,600 to purchase farming materials and grow more pepper.

€4,600

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,600
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 15 horasen 7 Abril 2017.

El proyecto

Som Sreytoch, 18, is a farmer in the Tbong Khmum province of Cambodia. She is married and has a small kid. Her husband, In Seiha, is a farmer as well. She and her husband have been growing cassava, rubber, and pepper to earn income for support the family living for the past 7 years.

Som Sreytoch would like a loan of 5,000 USD to purchase farming materials for grow more pepper. She sees these investments as opportunities that will be able to increase her daily income.

Nombre de la empresa	Phillip Bank
Director general	Som Sreytoch
Fundado	2010-01-01
Ubicación	Tbong Khmum
Sector	Agricultura
Volumen de negocio	€14,953.27
Empleados	2

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.