Mak Sambath

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Mak Sambath

Phillip Bank

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With a loan of EUR 4,400 Mak will be able to dig a pond that will provide the water for her farm.

€4,400

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,400
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 10 Agosto 2017.

El proyecto

Mak Sambath, 47, is married and lives in the Kampong Cham province with her two children. She has been cultivating rice and cashew to earn income for support the family’s living for the past 5 years. And her husband also aided the family income from working as a construction worker. Inflation has made prices soar lately in Cambodia, and she realized that she needed to expand her farm to increase her income. Her main source of income from cashew farm that is why she is now asking for her first loan with Kredit to dig a pond that will provide the water for her farm. And the rest of the loan she would like to purchase farming supplement to taking care her cashew. She sees this loan as a great economic opportunity and believes that she can raise her standard of living.

Nombre de la empresa	Phillip Bank
Director general	Mak Sambath
Fundado	2012-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€13,304.34
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.