Ty Kom

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Ty Kom

Phillip Bank

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With a loan of EUR 8,600 Ty is able to invest in her farm and grow more cashews to increase her family income.

€8,600

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,600
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 11 díasen 6 Agosto 2017.

El proyecto

Ty Kom is a resident in Kampong Cham province of Cambodia. She is married and has only one children. For the past seventeen year, she and her husband have been working in the farm together to making profits for support the family living.

Due to a shortage of finance, she is now asking for a loan to grow more cashew. She believes with this investment will allow her to increase her crop yields and her family profits as well.

Local partner Kredit will provide the loan, which has to be repaid in 36 months.

Nombre de la empresa	Phillip Bank
Director general	Ty Kom
Fundado	2000-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€21,020.68
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.