Yau Vy

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Yau Vy

Phillip Bank

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With EUR 4,600 Yau is able to dig a well to provide water for her pepper farm.

€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 2 díasen 28 Abril 2017.

El proyecto

Yau Vy, 31, is married and lives in the Tbong khmum province with her two children. She and her husband have been cultivating rice and pepper to earn income for support the family living for the past 11 years. Inflation has made prices soar lately in Cambodia, and Yau Vy realized that she needed to expand her farm to increase her income. Her main source of income comes from pepper.

Yau is now asking for a loan of US$5,000 to dig a well that will provide the water for her farm. And the rest of the loan she would like to purchase farming materials to grow more pepper. She sees this loan as a great economic opportunity and believes that she can raise her standard of living.

Local partner Kredit will provide the loan.

Nombre de la empresa	Phillip Bank
Director general	Yau Vy
Fundado	2006-01-01
Ubicación	Tbong Khmum
Sector	Agricultura
Volumen de negocio	€23,977.57
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.