Toek Phorn

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Toek Phorn

Phillip Bank

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With a loan of EUR 2,550 Phorn can buy a new Tuk Tuk for the business of her son and increase the family income.

€2,550

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€2,550
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 18 Noviembre 2017.

El proyecto

Read the information document of the issuer here

Phorn, 58 years old, is a woman who lives in the province of Prey Veng in Cambodia. She works on her rice farm and sells porridge since 1984. One of her children has a little business as a Tuk Tuk (motor taxi with trailer) taxi driver.

With this loan she can replace the Tuk Tuk of her child for a new one. With this investment the Tuk Tuk business of her kid can grow as well as her family income.

Local partner Kredit provides this loan with a maturity of 36 months.

Nombre de la empresa	Phillip Bank
Director general	Phorn Toek
Fundado	1984-01-01
Ubicación	Prey Veng
Sector	Servicios
Volumen de negocio	€13,640.67
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.