Phillip Bank 13 (KREDIT Cambodia)

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Phillip Bank 13 (KREDIT Cambodia)

Phillip Bank

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With a loan of EUR 65,450 Phillip Bank (previously called Kredit Cambodia) will be able to provide working capital to 9 entrepreneurs, mostly farmers.

€65,450

Importe

3.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€65,450
Interés	3.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 5 díasen 7 Septiembre 2020.

El proyecto

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 9 entrepreneurs:

Horl En 36) has a rice farm and is requesting a new loan for buying farm supplies, fertilizers, soils, rice seeds
Eng Vy (27) has a cashew farm and wants to purchase more of farm supplies to use on her farm
Doerun Neat (32) wants to purchase more farm land to plant the cashew
Heng Soth (36) wants to purchase 1 hectare of farm land so she can increase her crop yield
Hout Va (33) would like to purchase more land for his cashew farm so he can plant more cashew for next season
Srey Yin (30) can boost her working capital with a loan so she can buy more grocery supplies to stock in her store
Chhin Sreyleak (23) has a cassava farm in the Kampong Cham province of Cambodia. With a loan she can boost her crop yield
Kry Sreyleang (51) is a goods seller in her community at Phnom Penh . She want to purchase more supplies to stock in her store
May Vong (41) is a blacksmith who lives in Phnom Penh and with a loan she can purchase irons and other input needed to use in her shop.

Nombre de la empresa	Phillip Bank
Director general	Eng Vy
Fundado	2020-08-28
Ubicación	Phnom Penh
Sector	Agricultura
Volumen de negocio	€125,000
Empleados	18

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.