Sorn Ra

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Sorn Ra

Phillip Bank

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With a loan of EUR 9,200 Sorn is able to purchase one hectare farmland to grow more cassave.

€9,200

Importe

3.25%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€9,200
Interés	3.25%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 14 díasen 24 Mayo 2017.

El proyecto

Sorn, 55, is married woman who resides in the Tbong Khmum province of Cambodia. She is a farmer and has been working together with her husband on the rice and cassava farm for the past 11 years to make profits for support the family living.

Since the cassava farm is growing well, she is now asking for a loan to purchase one hectare farmland to grow more cassava. She believes with this loan will allow her to increase her crop yields and as well as her family profits.

Local partner KREDIT will provide this loan.

Nombre de la empresa	Phillip Bank
Director general	Sorn Ra
Fundado	2006-01-01
Ubicación	Tbong Khmum
Sector	Agricultura
Volumen de negocio	€28,037.38
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.