Sien Khen

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Sien Khen

Phillip Bank

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With a loan of EUR 2,550 Khen is able to enlarge her grocery shop by adding more products to the assortment.

€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 3 horasen 27 Diciembre 2017.

El proyecto

Read the information document of the issuer here

Khen is a 54 years old, married woman. She own a grocery shop in the province Kampong Cham in Cambodia. Her husband works as a safety guard and fisherman.

With this loan, she can add more products to her store. This loan will help her to enlarge her business and increase her family income.

Local partner Kredit provides this loan with a maturity of 38 months.

Nombre de la empresa	Phillip Bank
Director general	Khen Sien
Fundado	2014-01-01
Ubicación	Kampong Cham Province
Sector	Mayorista / Minorista
Volumen de negocio	€12,288.13
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.