Phorn Leng

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Phorn Leng

Phillip Bank

Investir dans la microfinance

+ 9 autres investisseurs

With a loan of EUR 2,550 Leng is able to purchase one more hectare of farmland to grow more rice and increase her income.

€2 550

Montant

3,00%

Intérêt

12 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€2 550
Intérêt	3,00%
Maturité	12 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en -46 minutes sur 20 Octobre 2017.

Le projet

Read the information document of the issuer here

Leng is a 48-year-old married woman with 4 children, all of them are still in school. She lives in a rural community, of the Kampong Cham province. For the past 20 years, Leng has operated a farm with her husband where she cultivates rice that she can sell in her community and at the market to earn a living.

With this loan Leng can purchase one more hectare of farmland to grow more crop and pay for additional seedlings, a spray can, and fertilizer to assist her with her farming activities. She plans to use her profits to support her family and pay school fees for her children.

Local partner Kredit provides the loan, which has to be repaid in 12 months.

Nom de l’entreprise	Phillip Bank
PDG	Leng Phorn
Création	1990-01-01
Lieu	Kampong Cham Province
Secteur	Agriculture
Chiffre d'affaires	€10 088,13
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.