Phun Lai


Status: Paying Back

$1,000.00   Loan Amount
11% repaid

About the Entrepreneur

Name: Phun Lai
Location: Takeo Province, Cambodia
Activity: Agriculture

About the Loan

Loan Amount: $1,000.00
Loan Use: farmland purchase
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 21, 2009
Date Disbursed: Aug 13, 2009
Date Funded:Aug 21, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:United States Dollars (USD)



Phun Lai is forty-nine years old and married with one school-age child. She lives with her husband in Takeo Province. She is engaged in a business of selling fish in a local market, typically earning an income of $3 a day. Her husband also plays a major role in generating a source of income for their family. To make a living, he is engaged in a business as a motor-taxi driver, providing his services to people in the town, earning $3 a day.

The world's financial crisis has been difficult for businesses in Cambodia this past year. This factor has played into a difficult economic year for much of the country, Phun included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, Phun is seeking to increase her income. She is asking for a loan of $1000 to purchase a plot of farmland, a purchase that she sees as offering a great opportunity for producing more income.

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Journal entries for Phun Lai


Loan has been disbursed
 
Entrepreneur: Phun Lai
Location: Takeo Province, Cambodia

Thank you for your loan. It has been disbursed to Phun Lai by CREDIT, a partner of World Relief in Cambodia. We are excited to watch this business grow. Over the 18 months of this loan, CREDIT, a partner of World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Takeo Province, Cambodia
Aug 22, 2009
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Kiva Help Repayment Schedule for Phun Lai

  Expected Repayments Actual Repayments Comments
November 2009 $56.00 $56.00 Repayment Received
December 2009 $56.00 $56.00 Repayment Received
January 2010 $56.00 Available Jan 1  
February 2010 $56.00 Available Feb 1  
March 2010 $56.00 Available Mar 1  
April 2010 $56.00 Available Apr 1  
May 2010 $56.00 Available May 1  
June 2010 $56.00 Available Jun 1  
July 2010 $56.00 Available Jul 1  
August 2010 $56.00 Available Aug 1  
September 2010 $56.00 Available Sep 1  
October 2010 $56.00 Available Oct 1  
November 2010 $56.00 Available Nov 1  
December 2010 $56.00 Available Dec 1  
January 2011 $56.00 Available Jan 1  
February 2011 $56.00 Available Feb 1  
March 2011 $56.00 Available Mar 1  
April 2011 $48.00 Available Apr 1