Thi Sokheng

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Thi Sokheng

Phillip Bank

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With EUR 6,800 Sokheng can buy newer, more modern materials for her restaurant and kareoke business.

€6,800

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€6,800
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 12 díasen 8 Noviembre 2017.

El proyecto

Read the information document from the issuer here

Sokheng, 56 years old, lives in the Kampong cham province in Combodia. She is a business woman and works at the karaoke entertainment bar and restaurant she owns. Her husband works as a police man.

Since her business is growing more and more, she can use the loan to purchase more modern materials for her karaoke business. She believes this loan will help her to fulfill her customers’ needs, enlarge her business and increase her family income.

Local partner Kredit provides this loan with a maturity of 42 months.

Nombre de la empresa	Phillip Bank
Director general	Sokheng Thi
Fundado	2014-01-01
Ubicación	Kampong Cham Province
Sector	Servicios
Volumen de negocio	€20,155.93
Empleados	6

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.