Ly Kim Eng

Status: Paid Back

$1,000.00		Loan Request
$1,000.00		Paid Back

About the Entrepreneur

Name:	Ly Kim Eng
Location:	Phnom Penh, Cambodia
Activity:	Personal Housing Expenses

About the Loan

Loan Amount:	$1,000.00
Loan Use:	To build more rooms to rent out.
Repayment Term:	20 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Jul 3, 2007
Date Disbursed:	Jul 18, 2007
Date Funded:	Jul 4, 2007
Loan Ended:	Feb 15, 2009

About the Field Partner

Field Partner:

CREDIT, a partner of World Relief

Field Partner Risk Rating:

(Learn more)

Active

42 months

4814

$3,619,450

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

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

Ly Kim Eng is a 47-year-old woman and mother of 1 child. She lives with her husband in Phnom Penh, Cambodia. She is a landlord who builds different rooms to rent to the garment factory workers and can make a moderate amount, around $5 each day. Her husband, meanwhile, is too old to work, but he has three pool tables to service in his area which enables him to make around $5 each day. In order to maximize the size of her profits, Ly Kim Eng is requesting a loan amount of $1000 to build more rooms, so that she can fulfill her tenants' needs.

About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

Lenders to this entrepreneur

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Hodag Territory, WI
United States

Emily
San Mateo, CA
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AegisPlatinum
Dracut, MA
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Daniel
Rowayton, Ct
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Andrew
FT LAUDERDALE, FL
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Diane
Birkenhead, North Shore City
New Zealand

Glenn, Donna, Kai, Leo
Austin, TX
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Rebecca
lexington, MA
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Mark
Edogawa-ku, Tokyo
Japan

Anonymous
Bothell, WA
United States

Journal entries for Ly Kim Eng

Loan has been disbursed Entrepreneur: Ly Kim Eng Location: Phnom Penh, Cambodia Thank you for your loan. It has been disbursed to Ly Kim Eng by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 - 24 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Phnom Penh, Cambodia Jul 18, 2007
Comment on this entry

Kiva Journal Update for Ly Kim Eng Entrepreneur: Ly Kim Eng Location: Phnom Penh, Cambodia Mrs. Ly Kim Eng lives in Phnom Penh with her husband and children. With her Kiva loan she was able to build extra rooms in her house to rent out, allowing her to earn an extra $25-30 per person. This additional income was used to open a new business, and she now also runs a convenience store. She says that business is steady, and she can sometimes generate $50 a day in sales. Mrs. Ly shared with us her interesting personal story. During the Khmer Rouge, she escaped to Thailand and lived in a refugee camp there until 1998, when she returned to Phnom Penh. She used to work for FUCINPEC, the main opposition political party in Cambodia, and they were the reason she returned to Phnom Penh. She has since left that party. In the future Mrs. Ly would like to build even more rooms on the additional land that she owns. However, she is hesitant because she feels her neighborhood is unsafe, and theft is a problem for her. She is pictured here in front of her new business.
Posted by Isadora Tang from Phnom Penh, Cambodia Jun 19, 2008
Comment on this entry

Repayment Schedule for Ly Kim Eng

Show Advanced

	Expected Repayments	Actual Repayments	Comments
October 2007	$55.56	$56.00	Repayment Received
November 2007	$55.56	$56.00	Repayment Received
December 2007	$55.56	$56.00	Repayment Received
January 2008	$55.56	$56.00	Repayment Received
February 2008	$55.56	$56.00	Repayment Received
March 2008	$55.56	$56.00	Repayment Received
April 2008	$55.56	$56.00	Repayment Received
May 2008	$55.56	$56.00	Repayment Received
June 2008	$55.56	$56.00	Repayment Received
July 2008	$55.56	$56.00	Repayment Received
August 2008	$55.56	$56.00	Repayment Received
September 2008	$55.56	$56.00	Repayment Received
October 2008	$55.56	$56.00	Repayment Received
November 2008	$55.56	$56.00	Repayment Received
December 2008	$55.56	$56.00	Repayment Received
January 2009	$55.56	$48.96	Repayment Received
February 2009	$55.56	$55.56	Repayment Received
March 2009	$55.48	$55.48	Repayment Received