Num Oeur

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Num Oeur

Phillip Bank

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With a loan of EUR 5,100 Num will be able to to grow more pepper to boost her crop yields.

€5,100

Importe

3.25%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,100
Interés	3.25%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 8 díasen 25 Septiembre 2017.

El proyecto

Oeur Num, 31, is married and lives in the Tbong khmum province with her two children. She and her husband have been growing pepper to earn income for support the family’s living for the past 6 years. Inflation has made prices soar lately in Cambodia, and Oeur Num realized that she needed to expand her farm to increase her income. Her main source of income from pepper farm that is why she is now asking for a loan of US$6,000 to grow more pepper to boost her crop yields. 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	Num Oeur
Fundado	2012-01-01
Ubicación	Tbong Khmum
Sector	Agricultura
Volumen de negocio	€14,911.86
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.