Chham Sreyhun

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Chham Sreyhun

Phillip Bank

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With a loan of EUR 8,800 Chham is able to grow more lotus and purchase more fish to sell.

€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 14 díasen 30 Junio 2017.

El proyecto

Chham Sreyhun, 35, is a married mother of four children whom resides in Phnom Penh Province of Cambodia. She is a seller and has been selling fish in the local market to earn income for support the family's living since 2009. Evey morning, she get up around 3 to 4 AM and go to purchase fish from the wholesale fish store for about 20 to 30 kg to sell per day. And her husband is a 37 years old man who is operating in the lotus plantation to add family profits for the past ten years.

Since the price of lotus has been increased, she is now decided to applying for a loan to grow more lotus and the rest of the loan use to purchase more fishes for sell. She thinks with this loan is an economic opportunities to raise her family living standard.

Local partner Kredit will provide the loan, which has to be repaid in 42 months.

Nombre de la empresa	Phillip Bank
Director general	Chham Sreyhun
Fundado	2010-01-01
Ubicación	Phnom Penh
Sector	Agricultura
Volumen de negocio	€22,123.89
Empleados	3

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.