Nhar Kanha

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Nhar Kanha

Phillip Bank

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With EUR 4,400 Nhar is able to stock more products to sell in her grocery store to fulfill the needs of her customers.

€4,400

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,400
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 23 Julio 2017.

El proyecto

Mrs. Nhar Kanha is a grocery seller living in the Tbong Khmum province of Cambodia. She has been operating in her grocery store to makes profit for support the life expense for the past 4 years, while her husband is a cassava farmer.

Since this business is going well, she is now asking for a loan to add more grocery to her store. She believes with this loan will help her to enlarge her business and fulfill her customer needs.

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

Nombre de la empresa	Phillip Bank
Director general	Nhar Kanha
Fundado	2013-01-01
Ubicación	Tbong Khmum
Sector	Mayorista / Minorista
Volumen de negocio	€28,324.13
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.