Chork Samon

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Chork Samon

Phillip Bank

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With a loan of EUR 8,350 Samon will be able to expand the business capitals, purchasing motorcycles to increase stocks.

€8,350

Importe

3.25%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€8,350
Interés	3.25%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 5 díasen 16 Enero 2018.

El proyecto

Read the information document of the issuer here

Samon, 39, is a married mother of six children whom living in the Kampong Cham province of Cambodia. She and her husband operating a business together where they sells motorcycles to make a living since 2013.

Samon is now asking for a loan to expand her business capitals, purchasing motorcycles to increase stocks. And the rest of the loan she is going to purchasing clothes and shoes for a new business.

She thinks with this investment will help her to increase her selling to better support her family’s living.

Nombre de la empresa	Phillip Bank
Director general	Samon Chork
Fundado	2013-01-01
Ubicación	Kampong Cham Province
Sector	Mayorista / Minorista
Volumen de negocio	€15,833.33
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.