Pork Riem

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Pork Riem

Phillip Bank

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With a loan of EUR 4,250 Riem is able to expand her business in vegetables and meet and increase her income.

€4,250

Importe

3.25%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€4,250
Interés	3.25%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 17 Enero 2018.

El proyecto

Read the infomation document of the issuer here

Riem, 56 years old, is married and has three children. She resides in a village in the province of Kampong Cham in Cambodia. For the past ten years she has been selling various fruits and roasted pork for living.

With this loan, she is able to expand her business. This enables her to purchase more fruit and meat to sell and is a good opportunity to grow her business and increase her family's income.

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

Nombre de la empresa	Phillip Bank
Director general	Riem Pork
Fundado	2006-01-01
Ubicación	Kampong Cham Province
Sector	Mayorista / Minorista
Volumen de negocio	€17,500
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.