Ut Sokhom

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Ut Sokhom

Phillip Bank

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With a loan of EUR 8,800 Ut is able to buy a car to transport animal feed to her customers.

€8,800

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,800
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 10 díasen 11 Junio 2017.

El proyecto

A widowed mother of two children in Kampong Cham province of Cambodia, Mrs. Ut Sokhom is 47 years old. She is a hard working woman and has been operating in her farm as cultivating rice, raising pigs and ducks to earn income for support the living since 2000. And her family income also aided by her children who are selling animal feed to make profits for the past 6 years. One of her child works at their store and other one transport feeds to sell in the village and nearby village.

Due to the shortage of finance, she is now asking for a loan to purchase a new car for her children business. She sees this purchase will help her to replace the old one and save money from fixing costs.

Local partner Kredit will provide this loan.

Nombre de la empresa	Phillip Bank
Director general	Ut Sokhom
Fundado	2000-01-01
Ubicación	Kampong Cham
Sector	Mayorista / Minorista
Volumen de negocio	€22,321.42
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.