Chhit Sarak

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Cambodge

Chhit Sarak

Phillip Bank

Investir dans la microfinance

+ 6 autres investisseurs

With a loan of EUR 5,000 Sarak will be able to expand his land and sell more rubber.

€5 000

Montant

3,00%

Intérêt

12 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€5 000
Intérêt	3,00%
Maturité	12 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 18 heures sur 17 Octobre 2016.

Le projet

Sarak Chhit and his wife, Sokom, are hard-working farmers that grow rubber. The weather conditions have been difficult in Cambodia, and the price of rubber has been decreased for these past year which make some farmers in bad condition.

Regardless of the low price of rubber, Sarak collects rubber output every day. Therefore Sarak is now asking for a loan to purchase two hectares of farmland to grow rubber. He sees this investment as a good opportunity to earn more income.

Together with local partner Kredit Lendahand will provide a loan that must be repaid in 12 months.

Nom de l’entreprise	Phillip Bank
PDG	Sarak Chhit
Création	2010-01-01
Lieu	Memot
Secteur	Agriculture
Chiffre d'affaires	€19 090,90
Employés	1

Impact

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.