Ros Phalin

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Ros Phalin

Phillip Bank

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With EUR 8,450 Phalin is able to purchase one more hectare of farmland to grow more cashew nuts and increase her income.

€8,450

Importe

3.25%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,450
Interés	3.25%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 7 díasen 8 Octubre 2017.

El proyecto

Phalin, 34, is a farmer who lives in a village in the Kampong Cham province of Cambodia. She has been growing cashew to support her family’s living since 2009. Meanwhile her husband works as a blacksmith and help her on cashew farm.

Since her business is getting well from day to day, she has decided to ask for a loan to purchase one more hectare of farmland to grow more cashew trees. She sees this loan is an economic opportunity to expand her farmland, boost her productions, and also increase her family’s income.

Local partner Kredit will provide the loan, which has to be repaid in 48 months.

Nombre de la empresa	Phillip Bank
Director general	Phalin Ros
Fundado	2009-01-01
Ubicación	Kampong Cham Province
Sector	Agricultura
Volumen de negocio	€27,966.10
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.