Deap Kimsaing

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Deap Kimsaing

Phillip Bank

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In order to increase family profits, Deap decided to ask for a loan of EUR 9,200 to construct rooms for rent.

€9,200

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€9,200
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 14 díasen 28 Abril 2017.

El proyecto

Kimsaing, 35, is married man who is a chief in the restaurant. He living with his lovely wife and only one children in Phnom Penh city, Cambodia. He has been working in the restaurant to earn income to support the family living expenses for the past 3 years. And his family income also aided by his wife who is a cashier in the private company. In order to increase family profits, he decided to ask for a loan of to construct the room for rent. He sees that this investment will help him to increase his family profits and as well as raise his family living standard.

Nombre de la empresa	Phillip Bank
Director general	Deap Kimsaing
Fundado	2008-01-01
Ubicación	Phnom Penh
Sector	Servicios
Volumen de negocio	€28,037.38
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.