Toem Sarun

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Toem Sarun

Phillip Bank

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With a loan of EUR 8,450 Sarun is able to purchase two more hectares of farmland and expand her cashew grove.

€8,450

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,450
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 29 Septiembre 2017.

El proyecto

Mrs. Toem Sarun is 29 years old. She is married, and works with her husband (see picture) to grow cashew and pepper. Together they have one child of adult age. Sarun is a very honest, charismatic and enterprising person, and is very hardworking. One of her dreams is to improve the quality of life of her family.

She will use the loan to purchase two more hectares of farmland and other supplies to improve her grove of cashew. With 11 years experience in her business, she will invest in farmland because she knows she will harvest more.

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

Nombre de la empresa	Phillip Bank
Director general	Sarun Toem
Fundado	2009-01-01
Ubicación	Tbong Khmum province
Sector	Agricultura
Volumen de negocio	€11,440.67
Empleados	1

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.