Youn Chey

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Youn Chey

Phillip Bank

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With a loan of EUR 4,250 Chey is able to purchase ducks to expand her duck breeding business and increase her income.

€4 250

Montant

3,25%

Intérêt

36 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€4 250
Intérêt	3,25%
Maturité	36 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 2 jours sur 26 Octobre 2017.

Le projet

Read the information document of the issuer here

Chey, 57, is married and lives in the Kampong Cham province with her children. She and her husband work together in the farm. They cultivate rice to make profits for the past 20 years. ow she would like to breed ducks to sell them and their eggs for a profit.

With this loan Chey can purchase ducks and expand her duck breeding business. She sees this loan as a good economic decision and believes she can both increase her income and raise her standard of living with the purchases.

Local partner Kredit provides the loan, which has to be repaid in 36 months.

Nom de l’entreprise	Phillip Bank
PDG	Chey Youn
Création	1998-01-01
Lieu	Kampong Cham Province
Secteur	Agriculture
Chiffre d'affaires	€13 776,27
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.