Vun Dane

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Vun Dane

Phillip Bank

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With a loan of EUR 4,250 Dane is able to purchase a new tractor and increase her family's income.

€4,250

Importe

3.25%

Interés

42 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,250
Interés	3.25%
Vencimiento	42 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 18 Enero 2018.

El proyecto

Read the information document of the issuer here

Dane is 22 years old, married and lives in the province Kampong Cham in Cambodia. She works in a fabric as a garment worker, meanwhile her husband has been working as a tractor driver to plowing farmland for fees since 2015.

With this loan she can purchase a new tractor to cultivate the farmland faster. Therefore, her business can grow.

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

Nombre de la empresa	Phillip Bank
Director general	Dane Vun
Fundado	2015-01-01
Ubicación	Kampong Cham Province
Sector	Servicios
Volumen de negocio	€14,533.33
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.