Koem Kaen

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Koem Kaen

Phillip Bank

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Kaen is now asking for a loan of EUR 6,000 to purchase a new rice mill to improve her business and grow her farm.

€6,000

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€6,000
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 16 Noviembre 2017.

El proyecto

Read the information document of the issuer here

Kaen is a 47 year old, married woman who lives in the province of Prey Veng in Cambodia with her husband and children. Together with her husband, she works at their farm where they raise pigs and mill rice for the past 3 years.

With this loan she can buy a new rice mill and add more pigs to the farm. Hereby, she is able to expand her business for additional profits.

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

Nombre de la empresa	Phillip Bank
Director general	Kaen Koem
Fundado	2015-01-01
Ubicación	Prey Veng
Sector	Agricultura
Volumen de negocio	€13,336.75
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.