Nuon Chanra

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Nuon Chanra

Phillip Bank

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With EUR 8,000 Nuon is able to purchase five more hectares of farmland to grow more rubber and increase her income.

€8,000

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,000
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 5 díasen 22 Julio 2017.

El proyecto

Nuon Chanra, 28, is a resident in the Tbong Khmum province of Cambodia. For the past 16 years, she and her husband have been operating together in the rubber farm to earn income for support the family's living. She started growing rubber in the five hectares of farmland and taking care for around five to six years to get the production.

Since the demand of rubber are increased and the dealers come to buy at her farm, so now she is going to purchase five more hectares of farmland to grow more rubber. She is confidence that with this loan will allow her to increase her crop yields and as well as her family profits.

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

Nombre de la empresa	Phillip Bank
Director general	Nuon Chanra
Fundado	2011-01-01
Ubicación	Tbong Khmum
Sector	Agricultura
Volumen de negocio	€17,699.11
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.