Som Horn

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Som Horn

Phillip Bank

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With a loan of EUR 4,600 Som is able to purchase a car to deliver groceries to her customers.

€4,600

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,600
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 12 Mayo 2017.

El proyecto

Som, 44, is married mother who lives in the Tbong Khmum province of Cambodia. For the past 5 years, she and her husband have been operating together in their grocery store to make profits for support the family living.

Due to the difficulty of transportation, she is now asking for a loan to purchase a car for transport grocery to her store and sell to nearby village. She thinks this investment will help her save money from transportation costs and enlarge her business as well.

Local partner Kredit will provide this loan.

Nombre de la empresa	Phillip Bank
Director general	Som Horn
Fundado	2013-01-01
Ubicación	Tbong Khmum
Sector	Mayorista / Minorista
Volumen de negocio	€15,963.30
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.