Sin Len


Status: Paid Back

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

About the Entrepreneur

Name: Sin Len
Location: Kampong Cham Province, Cambodia
Activity: Grocery Store

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase construction tools.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: May 3, 2008
Date Disbursed: May 17, 2008
Date Funded:May 3, 2008
Loan Ended:Jun 15, 2009

About the Country

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



Sin Len is 49 years old and since 2000, she has had a small stand selling groceries in front her house. She also makes Khmer cakes and sells them with the groceries, earning around $2 profit per day. Her husband, Sreng Sris, age 55, has worked as a construction worker for over 10 years. Sometimes he travels outside the village to do construction work. He is a hard-working person and also a good husband. Usually he earns about $2.50 a day.

Sin Len would like a loan from Kiva to purchase a construction tools, such as buffer machine. The rest of the loan will be used to purchase more groceries to sell. (Picture: husband and wife)


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Journal entries for Sin Len


Loan has been disbursed
 
Entrepreneur: Sin Len
Location: Kampong Cham Province, Cambodia

Thank you for your loan. It has been disbursed to Sin Len by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 12 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
May 17, 2008
Comment on this entry

Loan Update
 
Entrepreneur: Sin Len
Location: Kampong Cham Province, Cambodia

Sin Len, 49, lives with her husband and children in Kampong Cham, Cambodia. Sin sells groceries and cakes, and her husband is a construction worker. Sin requested this loan to buy construction tools and groceries to stock her store.

A CREDIT MFI loan officer recently visited Sin to check on her progress. After receiving her loan, Sin used $800 a power-saw, which her husband uses in his construction business. Sin used the remaining $200 to buy groceries for her store. Sin said that her daily income has increased by $1.50 to $6.50. Her standard of living has improved, and she's now able to spend more money investing in her business and educating her children. Sin also mentioned that she was able to purchase a young calf which she will raise so she can use it to work the fields.

In the future, Sin said she wants to take out another loan so her husband can buy more tools for his construction business.

When asked, Sin said she was thankful to CREDIT for its good service, and to Kiva lenders for supporting her loan.

(For those viewing this update in email, this borrower's profile can be viewed here: http://partners.kiva.org/app.php?page=businesses&action=about&id=46331, and all loans from CREDIT MFI in Cambodia can be viewed here: http://partners.kiva.org/about/aboutPartner?id=9)"


Posted by Jeff Zira from Kampong Cham Province, Cambodia
Jun 10, 2009
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Kiva Help Repayment Schedule for Sin Len

  Expected Repayments Actual Repayments Comments
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 $79.98 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 $83.33 $83.33 Repayment Received
June 2009 $83.33 $83.33 Repayment Received
July 2009 $83.37 $83.37 Repayment Received