Deab Hon

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Deab Hon

Phillip Bank

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With a loan of EUR 5,950 Hon is able to purchase one more hectare of farmland, grow more rice and increase her income.

€5,950

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,950
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 8 díasen 9 Noviembre 2017.

El proyecto

Read the information document of the issuer here

Hon, 50, is a farmer who lives in a village in Kampong Cham province of Cambodia. She and her husband have been cultivating rice to support her family’s living since 2000.

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 rice. She sees this loan is an economic opportunity to expand her farmland, boost her productions, and also increase her family’s profit.

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

Nombre de la empresa	Phillip Bank
Director general	Hon Deab
Fundado	2000-01-01
Ubicación	Kampong Cham Province
Sector	Agricultura
Volumen de negocio	€66,122.03
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.