Phillip Bank 16 (KREDIT Cambodia)

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Phillip Bank 16 (KREDIT Cambodia)

Phillip Bank

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With a loan of EUR 44,850 Phillip Bank (before Kredit Cambodia) will be able to provide working capital to 7 entrepreneurs, so they can further expand their companies.

€44,850

Importe

3.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€44,850
Interés	3.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 5 díasen 5 Octubre 2020.

El proyecto

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 7 entrepreneurs:

Poeu Senoun wishes to take a loan to invest in a new business for her husband to open a blacksmith shop and purchase supplies like irons and metals
Kong Phally (picture) is a grocery seller at Kandal Province of Cambodia. She is requesting a loan to expand her business and boost her working capital.
In Dorn (52) and would like to purchase more grocery supplies, drinking water, sugars and other input needed to stock in her store
Top Poue (33) is a woman who has a rice farm and she would like to take a fund for purchasing more land to plant more rice paddy
Thay Hakrith (31) has a rice farm as well and she would like to take a fund for purchasing more land to plant more rice paddy
Un Vich (59) has a canteen shop and she wants to purchase more products like pork and beef to resale
Soung Chaning (34) has a rice farm and she’d like to purchase more land to plant the rice paddy

Nombre de la empresa	Phillip Bank
Director general	Phally Kong
Fundado	2009-01-01
Ubicación	Phnom Penh
Sector	Mayorista / Minorista
Volumen de negocio	€80,314
Empleados	7

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.