Phan Rong

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Phan Rong

Phillip Bank

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With EUR 3,800 Rong can buy a tractor to improve the harvest of her rice farm and expand her business.

€3,800

Importe

3.25%

Interés

30 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€3,800
Interés	3.25%
Vencimiento	30 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 25 Octubre 2017.

El proyecto

Read the informationdocument of the issuer here

Rong is 41 years old. She is married and resides in Kampong Cham Province, Cambodia. She and her husband have been working in the rice farm to makes profits for daily living since 2000.

With this loan she can purchase a tractor to cultivate the farmland faster. Therefore, her business can grow.

Local partner Kredit provides the loan with a maturity of 30 months.

Nombre de la empresa	Phillip Bank
Director general	Rong Phan
Fundado	2000-01-01
Ubicación	Kampong Cham Province
Sector	Agricultura
Volumen de negocio	€10,169.49
Empleados	3

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.