Heang Chay Eng


Status: Paid Back

$600.00   Loan Request
$600.00   Paid Back

About the Entrepreneur

Name: Heang Chay Eng
Location: Kampong Cham Province, Cambodia
Activity: Farming

About the Loan

Loan Amount: $600.00
Loan Use: To purchase farmland, plus recyclable materials to resell
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 15, 2007
Date Disbursed: Oct 29, 2007
Date Funded:Oct 15, 2007
Loan Ended:Feb 15, 2009

About the Country

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



Mrs. Heang Chay Eng, age 35, is a farmer. Her husband buys and sells recyclable products, earning about $4.80 per day. They have three children who are students. She would like to request a loan of $600 in order to increase the inventory of recyclable items her husband can sell and to buy an additional piece of farmland to increase her crop output. She believes both these actions will lead to an increase in revenue and income to support the family and pay for her children’s education.

Subscribe

Lenders to this entrepreneur

Anonymous
Nottingham, Nottinghamshire
United Kingdom

Thomas
Paris,
France

Bill
South Norwalk, CT
United States

Carolyn & Don
Lula, GA
United States

Russell
McGregor, TX
United States

Doug
Toronto, Ontario
Canada

Dan
Arlington, VA
United States

Michael & Celeste
Milwaukee, WI
United States

Jason
London, Middlesex
United Kingdom

yuki-H
Tsuchiura, Ibaraki
Japan

Joseph
Arroyo Grande, CA
United States

Anonymous
New Canaan, CT
United States

Jeremy
Burbank, CA
United States

Pearl
Fairfax, VA
United States

Patsy
Celista, BC, British Columbia
Canada

ARF
Columbus, OH
United States

Amy
Topeka, KS
United States

Kimberly
Ulaanbaatar,
Mongolia

Betsy
Concord, MA
United States

John
-, -
United States

Seth
Brooklyn, NY
United States



Journal entries for Heang Chay Eng


Loan has been disbursed
 
Entrepreneur: Heang Chay Eng
Location: Kampong Cham Province, Cambodia

Thank you for your loan. It has been disbursed to Heang Chay Eng by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 15 - 21 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kampong Cham Province, Cambodia
Oct 29, 2007
Comment on this entry

Journal Update
 
Entrepreneur: Heang Chay Eng
Location: Kampong Cham Province, Cambodia

Heang Chay Eng requested a loan of US$600 to purchase more recycling items for her husband's business to help expand his inventory. She has seen his income increase from US$5 to US$8 per day with this loan and she is very pleased with its results. Her husband has seen his customer base grow the family enjoys having some extra profits to both continue expanding the business and also help to increase their food consumption.

Heang Chay Eng had loaned from a private lender at a high interest rate prior to borrowing from CREDIT. She first heard about the low interest rate and quality service that CREDIT provides, through a promotion in her village and she has appreciated the financial assistance that she has received. Her husband is currently facing many competitors in his business, so it is difficult to find customers, however, the family has been repaying the loan on time each month.

There are no future plans yet to take out another loan, but if Heang Chay Eng sees a need in her family, she will not hesitate to turn to CREDIT again.

Thank you so much for your kindness and generosity towards Heang Chay Eng and her family. CREDIT has appreciated partnering with you to help Cambodia's poor entrepreneurs and looks forward to building on this relationship in the future.


Posted by Mark Schmeissing from Kampong Cham Province, Cambodia
Aug 19, 2008
Comment on this entry

Kiva Help Repayment Schedule for Heang Chay Eng

  Expected Repayments Actual Repayments Comments
January 2008 $40.00 $40.00 Repayment Received
February 2008 $40.00 $40.00 Repayment Received
March 2008 $40.00 $40.00 Repayment Received
April 2008 $40.00 $40.00 Repayment Received
May 2008 $40.00 $40.00 Repayment Received
June 2008 $40.00 $40.00 Repayment Received
July 2008 $40.00 $40.00 Repayment Received
August 2008 $40.00 $40.00 Repayment Received
September 2008 $40.00 $40.00 Repayment Received
October 2008 $40.00 $40.00 Repayment Received
November 2008 $40.00 $40.00 Repayment Received
December 2008 $40.00 $40.00 Repayment Received
January 2009 $40.00 $40.00 Repayment Received
February 2009 $40.00 $40.00 Repayment Received
March 2009 $40.00 $40.00 Repayment Received