Math Siet

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Math Siet

Phillip Bank

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With a loan of EUR 5,550 Siet will be able to purchase more farmland to grow more rubbers.

€5,550

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€5,550
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 30 Diciembre 2017.

El proyecto

Read the information document of the issuer here

MATH Siet, 41 year of aged, is a married man who lives with his beloved wife and five children in the communities in Tbong Khmum province of Cambodia. He is a farmer and has been working in his rubber plantation for the past ten years to earn a living. And her family income also aided by his wife who is a grocer.

In order to expand his business, he is now asking for a loan to purchase more farmland to grow more rubbers. He thinks with this purchase he will boost his production and as well as increase his family profits.

Nombre de la empresa	Phillip Bank
Director general	Siet Math
Fundado	2006-01-01
Ubicación	Tbong Khmum province
Sector	Agricultura
Volumen de negocio	€13,271.79
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.