Chhoeurn Khim

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Chhoeurn Khim

Phillip Bank

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With EUR 4,600 Chhoeurn is able to grow more cashew and inrease her family income.

€4,600

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,600
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 14 Abril 2017.

El proyecto

Chhoeurn, 36, is a married mother who resides in Kampong Cham province of Cambodia. She and her husband are farmers and have been cultivating rice and cashew to making profits for support her family’s living expenses.

Since the cashew farm is getting well, she is now asking for a loan to grow more cashew. She believes with this loan will loan will allow her to increase her yields and her family profits as well.

Local partner Kredit provides the loan, which will have to be repaid in 24 months.

Nombre de la empresa	Phillip Bank
Director general	Chhoeurn Khim
Fundado	2008-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€23,584.90
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.