Phillip Bank 9 (KREDIT Cambodia)

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Phillip Bank 9 (KREDIT Cambodia)

Phillip Bank

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With a loan of EUR 62,300 Phillip Bank (before Kredit Cambodia) will be able to provide growth capital to 6 entrepreneurs.

€62,300

Importe

3.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€62,300
Interés	3.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 5 díasen 22 Junio 2020.

El proyecto

[EN] LET OP

Warning

Given the current situation regarding COVID-19, there is increased uncertainty. Although Phillip Bank is in good shape and agreements have only recently been made with regard to interest and maturities, it is wise to be careful with your investments.

Phillip Bank Plc is a member of PhillipCapital, an integrated Asian financial house based in Singapore, but operational in 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), France, India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA and Vietnam.

Phillip Bank Plc commenced business in Cambodia in 2009. In 2019, they merged with Lendahand's partner Kredit (an MFI focused providing financial services and training to low-income earners).

Information document issuing entity (NL)

Information note issuing entitiy (BE)

With this investment Phillip Bank will be able to finance the following 6 entrepreneurs:

Meng Mao: has an animal farm and would like to buy more stock
Meas Pheap would like to purchase a van to deliver his products
Oeng Chanthor: rice farmer who would like to buy a rice harvester
Oeng Vann: rice farmer who would like to buy a rice harvester
Chum Sophal: would like to renovate her hostel
Sea Kimseang: would like to purchase another rickshaw

Nombre de la empresa	Phillip Bank
Director general	Chanthor Oeng
Fundado	2020-02-12
Ubicación	Phnom Penh
Sector	Agricultura
Volumen de negocio	€458,000
Empleados	6

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.