Lath Oun

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Lath Oun

Phillip Bank

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With a loan of EUR 5,600 Lath is able to grow more cashew nuts and increase her income.

€5,600

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,600
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 6 díasen 9 Mayo 2017.

El proyecto

Lath, 35, is married mother of three school aged children who lives in Tbong Khmum province of Cambodia. Her family income has been earn from agriculture activities such as cultivating rice, cassava, and cashew to support the living. She and her husband have been working together in the farm for the past 17 years.

She is now asking for a loan to grow more cashew and the rest of the loan use to grow rubber. She is confidence that with this loan will allow her to increase her crop yields and her family profits as well.

Local partner Kredit will provide this loan.

Nombre de la empresa	Phillip Bank
Director general	Lath Oun
Fundado	2000-01-01
Ubicación	Tbong khmum
Sector	Agricultura
Volumen de negocio	€16,822.42
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.