YA Pheang

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YA Pheang

Phillip Bank

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With EUR 8,450 Ya is able to purchase a new truck for her husbands cassave transport business.

€8,450

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,450
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 10 díasen 8 Octubre 2017.

El proyecto

Ya, 45, is married and has four children who live the Kampong Cham province. She is a seller and has been selling palm juice for about 14 years to makes profits for support the daily living.

Her husband transports cassava for fees. His business is going well. That is why Ya is now requesting for a loan to purchase a new truck for her husband’s transportation service. She sees this investment is an opportunities to better support her husband’s business and increase her family income as well.

Local partner Kredit will provide the loan, which has to be repaid in 42 months.

Nombre de la empresa	Phillip Bank
Director general	Ya Pheang
Fundado	2003-01-01
Ubicación	Kampong Cham Province
Sector	Servicios
Volumen de negocio	€10,149.15
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.