Hum Houy

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Hum Houy

Phillip Bank

Investir dans la microfinance

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With a loan of EUR 2,550 Houy is able to purchase more farmland to grow more rice and increase his income.

€2 550

Montant

3,25%

Intérêt

36 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€2 550
Intérêt	3,25%
Maturité	36 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 1 jour sur 2 Novembre 2017.

Le projet

Read the information document of the issuer here

Houy, 45, is married, has five children and lives in the Kampong Cham province of Cambodia. He has been working as a mechanic to earn income for support the daily expenses, while his wife (seen in the picture) runs a grocery store. Both of them also work in the rice farm as their main source of income since 1996.

With this loan he can purchase more farmland and grow more rice since it is growing well. And the rest of the loan, he is going to pay for additional groceries for his wife’s business. He thinks this investment will allow him to increase his crop yields and raise his family’s living.

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

Nom de l’entreprise	Phillip Bank
PDG	Houy Hum
Création	1996-01-01
Lieu	Kampong Cham Province
Secteur	Agriculture
Chiffre d'affaires	€18 132,20
Employés	4

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.