Kem Kea

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Kem Kea

Phillip Bank

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With EUR 5,500 Kea is able to purchase one more hectare of farmland to grow more rice and increase her income.

€5,500

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,500
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 4 díasen 9 Noviembre 2017.

El proyecto

Read the information document of the issuer here

Kea is a 42-year-old married woman with 5 children, all of them are still in school. She lives in a rural community, of the Kampong Cham province. For the past 6 years, Kea has operated in farm with her husband where she cultivates rice that she can sell in her community and at the market to earn a living.

She needs a loan to purchase one more hectare of farmland to grow more crop and pay for additional seedlings, a spray can, and fertilizer to assist her with her farming activities.
She plans to use her profits to support her family and pay school fees for her children.

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

Nombre de la empresa	Phillip Bank
Director general	Kea Kem
Fundado	2011-01-01
Ubicación	Kampong Cham Province
Sector	Agricultura
Volumen de negocio	€16,081.35
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.