Som Lai

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Som Lai

Phillip Bank

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With EUR 2,700 Lai is able to purchase a walking tractor to use for cultivating farmland and grow more rice.

€2,700

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€2,700
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 23 horasen 21 Octubre 2017.

El proyecto

Read the information document of the issuer here

Lai is 54 years old. She is married and resides with four children in Kampong Cham Province, Cambodia. She and her husband have been working in the rice farm and selling palm juice since 2013.

With this loan Lai is requesting a loan to purchase a walking tractor to use for cultivating the farmland. This purchase will help her rice cultivation go faster.

Local partner Kredit provides the loan, which has to be repaid in 24 months.

Nombre de la empresa	Phillip Bank
Director general	Lai Som
Fundado	2013-01-01
Ubicación	Kampong Cham Province
Sector	Agricultura
Volumen de negocio	€10,576.27
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.