Sokh Soung

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Sokh Soung

Phillip Bank

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With a loan of EUR 2,700 Sokh can purchase rice seeds, organic fertilizer and organic pesticide to grow her farm.

€2,700

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€2,700
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 19 horasen 15 Septiembre 2017.

El proyecto

Mr. Soung Sokh is 53 years old. She is married and living with his beloved wife and his two children in the village in Kampong Cham province of Cambodia. He and his wife are farmers and have been cultivating rice to makes profits for support the family’s living since 1990. Because of the weather conditions has been difficult for farming, she is now decided to applying for a loan to purchase rice seeds, organic fertilizer, organic pesticide, fuel for the tractor for farming in this dry season. She believes with this loan will allow her to cultivating rice 2-3 time per years both rainy and dry season to increase her crop yields and as well as her family profits.

Nombre de la empresa	Phillip Bank
Director general	Sokh Soung
Fundado	1990-01-01
Ubicación	Kampong Cham
Sector	Agricultura
Volumen de negocio	€16,610.16
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.