Phoeurn Phea

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Phoeurn Phea

Phillip Bank

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With EUR 5,100 Phea can buy more raw food products to sell at her stall in the village and increase her income.

€5,100

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,100
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 7 díasen 4 Diciembre 2017.

El proyecto

Read the information document of the issuer here

Phea is 37 years old, married, and lives with her husband and child in the province of Prey Veng in Cambodia. Phea runs a little business in town and her husband works as a rice farmer. She owns a stall where she sells a variety of raw foods like vegetables, meat and fish.

With this loan she can buy more products to sell. This enables her business to grow and her income to increase so she can pay for her child's school fees.

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

Nombre de la empresa	Phillip Bank
Director general	Phea Phoeurn
Fundado	2010-01-01
Ubicación	Prey Veng
Sector	Mayorista / Minorista
Volumen de negocio	€12,542.37
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.