Son Sokhey

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Son Sokhey

Phillip Bank

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With EUR 4,300 Son is able to purchase more clothes and beauty products to sell in her store and thus increase her income.

€4,300

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,300
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 12 Septiembre 2017.

El proyecto

A resident in a village in Prey Veng province, Cambodia, Mrs Son Sokhey, 36, is married and has three children. She is a hard working woman and has been working as a tailor and selling beauty salon products to earn income for support her family’s living.

To increase her income, she is now asking for a loan to add more clothes and beauty salon product for her store to sell. She thinks all of these purchase will meet her customers’ needs, attracted new customers, also increase her family profits.

Local partner KREDIT provides the loan, which has to be repaid in 42 months.

Nombre de la empresa	Phillip Bank
Director general	Son Sokhey
Fundado	2006-01-01
Ubicación	Prey Veng
Sector	Mayorista / Minorista
Volumen de negocio	€14,067.79
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.