Lay Sok


Status: Paid Back

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

About the Entrepreneur

Name: Lay Sok
Location: Khsach Kandal District, Cambodia
Activity: Construction

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase construction tools
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Feb 25, 2008
Date Disbursed: Mar 13, 2008
Date Funded:Feb 28, 2008
Loan Ended:Apr 15, 2009

About the Country

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



Mr. Lay Sok has been married to his second wife since 1996. He has four children; two sons and two daughters. His two sons work in the construction business with him and the other two children are studying in the local school. Mr. Sok has been in business for four years. Besides construction work, he is also a fisherman. His wife has been farming for more than ten years. Lay and his family live on an island in the Mekong River,about fifteen kilometers from Phnom Penh.


He is requesting a loan in the amount of $1000. He will use this money to purchase additional construction tools for his business.


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Lenders to this entrepreneur

GDP upgrade
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David G
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Guilhem
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Christopher
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Shoni-Cody
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Paul
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Thorben & Anna
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Skapti
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Dave, Diane, Max & Lizzy
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Craig
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Regina
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Greg
Phoenix, Arizona
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Jaya
New Providence, NJ
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Bob
Barcelona,
Spain

marian
muiderberg,
Netherlands

YayMicro.com
Oslo,
Norway

Ville
Helsinki,
Finland

Frode Egeland
Petersham, New South Wales
Australia

Matt
Marrickville,
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Urban
VISLANDA,
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Anonymous
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Sherri & Ty
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Johan
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Journal entries for Lay Sok


Loan has been disbursed
 
Entrepreneur: Lay Sok
Location: Khsach Kandal District, Cambodia

Thank you for your loan. It has been disbursed to Lay Sok by MAXIMA Mikroheranhvatho Co., Ltd. in Cambodia. We are excited to watch this business grow. Over the next 12 months, MAXIMA Mikroheranhvatho Co., Ltd. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Khsach Kandal District, Cambodia
Mar 13, 2008
Comment on this entry

Update on Lay Sok
 
Entrepreneur: Lay Sok
Location: Khsach Kandal District, Cambodia

Mr. Sok Lay has been in construction business four years. Besides of construction, he is also a fisherman. In February 2008, he requested a loan of $1,000 to purchase additional construction tool for his business.

Lay used to be one of the construction workers for his bother. He’s tried to learn the job and got a lot of experience for many years, therefore, Lay has enough capacity to become a skillful construction constructor and start working independently. So, Lay decided to launch his own business as a construction constructor. He needed many tools for his job such as trowel, shovel, wheelbarrow, and hummer….etc.

Lay managed to buy these tools after he received the loan. He travels from one place to place many times a year due to the work. Lay is able to build a small flat, fence, bathroom…etc. He could generate about $500 to $700 from building a normal house in the village that spend at least a month. He always meets some problem with his job during rainy season because Cambodian people do not prefer to build the house during this season so he earns very little money.

The income from the business is used to pay for household expenditures and pay back the principal and interest. Lay find no problem for his installment.

Lay’s wife shown in the picture with construction materials.


Posted by Sive Chheng Sreng from Khsach Kandal District, Cambodia
Nov 23, 2008
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Kiva Help Repayment Schedule for Lay Sok

  Expected Repayments Actual Repayments Comments
June 2008 $83.33 $84.00 Repayment Received
July 2008 $83.33 $84.00 Repayment Received
August 2008 $83.33 $84.00 Repayment Received
September 2008 $83.33 $84.00 Repayment Received
October 2008 $83.33 $84.00 Repayment Received
November 2008 $83.33 $84.00 Repayment Received
December 2008 $83.33 $84.00 Repayment Received
January 2009 $83.33 $78.64 Repayment Received
February 2009 $83.33 $83.33 Repayment Received
March 2009 $83.33 $83.33 Repayment Received
April 2009 $83.33 $83.33 Repayment Received
May 2009 $83.37 $83.37 Repayment Received