Chhao Yon

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Chhao Yon

Phillip Bank

Investir dans la microfinance

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With a loan of EUR 6,600 Chhao is able to purchase a plowing machine and dig a well to grow more pepper.

€6 600

Montant

3,25%

Intérêt

36 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€6 600
Intérêt	3,25%
Maturité	36 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 6 jours sur 26 Avril 2017.

Le projet

Chhao Yon, 46, is a farmer who lives in the Tbong khmum province with his wife and two children. He and his wife working in the farm together, they have been growing cassava, rubber, and pepper as well to earn income for support the family living.

In order to increase his family income, he would like a loan of 7,000USD to purchase plowing machine and dig a well to grow more pepper. He is confident that this purchase will allow him to increase his crop yields and his family income as well.

Local partner Kredit will provide the loan.

Nom de l’entreprise	Phillip Bank
PDG	Chhao Yon
Création	2010-01-01
Lieu	Tbong Khmum
Secteur	Agriculture
Chiffre d'affaires	€17 218,86
Employés	2

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.