Eam Kunthea

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Eam Kunthea

Phillip Bank

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With a loan of EUR 11,000 Eam is able to build a house with rooms to rent out to workers.

€11,000

Importe

3.25%

Interés

30 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€11,000
Interés	3.25%
Vencimiento	30 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 13 díasen 29 Mayo 2017.

El proyecto

Eam Kunthea is 44 years old and sells vegetables and fruits in the local market of Phnom Penh city. Her business has been around for about for five years. Her husband is a security at night time, and he also take his time to run a motor taxi service at day time to earn an additional.

To earn more income, she is now asking for a loan to build a small house to rent out. This will help Kunthea to earn about USD 120 per month more when the construction is finished. She is confident that this loan will allow her to increase her daily income and to better support her family.

Local partner Kredit will provide this loan.

Nombre de la empresa	Phillip Bank
Director general	Eam Kunthea
Fundado	2000-01-01
Ubicación	Phnom Penh
Sector	Mayorista / Minorista
Volumen de negocio	€41,988.99
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.