Yann Sophat

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Yann Sophat

Phillip Bank

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With a loan of EUR 4,200 Yann is able to purchase a car to transport her staff to the garment factory.

€4,200

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,200
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 3 díasen 30 Julio 2017.

El proyecto

Mrs. Yann Sophat, 32, is a garment factory worker living in Kampong Cham province of Cambodia. She is married and has two school aged children. She has been working in the garment factory to makes profit for the past 3 years, while her husband is a garment factory worker as well.

She is now asking for a loan to purchase a car to transport her staff to the garment factory. She sees this is an economic opportunities to increase her family profits and better support her family living.

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

Nombre de la empresa	Phillip Bank
Director general	Yann Sophat
Fundado	2015-01-01
Ubicación	Kampong Cham
Sector	Servicios
Volumen de negocio	€16,555.17
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.