Chea Vanny

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Chea Vanny

Phillip Bank

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With a loan of EUR 7,400 Vanny is able to sell more products in her grocery store.

€7,400

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€7,400
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 7 díasen 10 Mayo 2017.

El proyecto

Vanny, 47, is a widowed woman who lives in Phnom Penh city, Cambodia. She is a grocery seller and has been operating in her grocery store for the past 5 years. She is purchasing all products to sell from local market such as ingredients, good cans, rice, and cakes.

To fulfill her customer needs, she is now asking for a loan to add more grocery to her store. She believes with this loan will allow her to enlarge her store and increase her profits to better support her family living conditions.

Local partner Kredit will provide this loan.

Nombre de la empresa	Phillip Bank
Director general	Vanny Chea
Fundado	2012-01-01
Ubicación	Phnom Penh
Sector	Mayorista / Minorista
Volumen de negocio	€18,691.58
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.