Chhon Chihor

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Chhon Chihor

Phillip Bank

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Chihor is now asking for a loan of EUR 5,500 to purchase one more hectare of farmland to grow more pineapples.

€5,500

Importe

3.00%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,500
Interés	3.00%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 6 horasen 16 Noviembre 2017.

El proyecto

Read the information document of the issuer here

As a widowed women, Mrs. CHHON Chihor, who living with four school aged children in the Kampong Cham province of Cambodia. Chihor is a hardworking woman and needs to work alone to fund her children needs. Before she grown walnut and corn to sell. Then the price of walnut and corn was decrease and she get less on the profits. So in 2012, she decided replace the walnut and corn to grown pineapples and cashew. Since she grown pineapple and cashew, she get more profits and better support her family funds.

In order to expand her business, she is now asking for a loan to purchase one more hectare of farmland to grow more pineapples. She sees this purchase will allow her to fulfill her customers’ needs and as well as increase her family profits.

Nombre de la empresa	Phillip Bank
Director general	Chihor Chhon
Fundado	2012-01-01
Ubicación	Kampong Cham Province
Sector	Agricultura
Volumen de negocio	€17,328.81
Empleados	2

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.