Lit Sovann

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Cambodge

Lit Sovann

Phillip Bank

Investir dans la microfinance

+ 22 autres investisseurs

With a loan of EUR 8,450 Sovann is able to purchase new tools for her constructing business.

€8 450

Montant

3,25%

Intérêt

48 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€8 450
Intérêt	3,25%
Maturité	48 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 5 jours sur 1 Novembre 2017.

Le projet

Read the information document of the issuer here

Sovann, 38 years old, lives with her husband and three children in the city Phnom Penh in Cambodia. Together with her husband they run their own business, constructing wooden tables, chairs, and other wooden furniture to sell (her husband is in the picture). They have been working in this business for about the past 3 years.

With this loan she can purchase new construction materials to build furniture in order to enlarge her business. With the additional profits, she will expand her business, renovate her house, and support her children in getting better education.

Local partner Kredit provides this loan with a maturity of 48 months.

Nom de l’entreprise	Phillip Bank
PDG	Sovann Lit
Création	2015-01-01
Lieu	Phnom Penh
Secteur	Commerce de gros / Commerce de détail
Chiffre d'affaires	€47 674,57
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.