Sat Sav

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Sat Sav

Phillip Bank

Invertir en microfinanzas

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With a loan of EUR 2,950 Sav can purchase a water pump to be able to cultivate rice in the dry season.

€2,950

Importe

3.00%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€2,950
Interés	3.00%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 hora.en 20 Octubre 2017.

El proyecto

Read the information document of the issuer here

Sav, 48, is appears in the photo. She is living with her husband and her children in the village in Kampong Cham province of Cambodia. Since 2006, she and her husband have been operating in the rice farm to earn income for support the living. And her husband sometime working as a construction worker for additional profits.

In order to increase her crop yields, she is now asking for a loan to purchase rice seeds and water pump to cultivating rice for the dry season. She thinks this cultivation will help her to increase her profits and as well as her family living standard.

Local partner Kredit provides the loan, which has to be repaid in 12 months.

Nombre de la empresa	Phillip Bank
Director general	Sav Sat
Fundado	2006-01-01
Ubicación	Kampong Cham Province
Sector	Agricultura
Volumen de negocio	€9,813.55
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.