Leng Navy

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Leng Navy

Phillip Bank

Invertir en microfinanzas

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With a loan of EUR 8,450 Navy can improve the rice- and sugar cultivation in dry season and improve her business.

€8,450

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,450
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 5 díasen 29 Octubre 2017.

El proyecto

Read the information document of the issuer here

Navy, 33 years old, is a woman who lives in a village in the Kampong Cham province in Cambodia. Since 2004, she has been operating in her rice farm and selling sugar cane juice to earn to support her living.

In order to increase her crop yields, she needs working capital to be able to improve cultivating in the dry season. This will help her to increase her profits and improve her living standard.

Local partner Kredit provides this loan with a maturity of 24 months.

Nombre de la empresa	Phillip Bank
Director general	Navy Leng
Fundado	2004-01-01
Ubicación	Kampong Cham Province
Sector	Agricultura
Volumen de negocio	€24,359.32
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.