Ly Sy


Status: Paying Back

$800.00   Loan Amount
88% repaid

About the Entrepreneur

Name: Ly Sy
Location: Kampong Cham, Cambodia
Activity: Fishing

About the Loan

Loan Amount: $800.00
Loan Use: To purchase a wooden boat, fertilizer and gas.
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: May 24, 2008
Date Disbursed: Jun 7, 2008
Date Funded:May 24, 2008

About the Country

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



Ly Sy is a rice farmer in Kampong Cham province. She has been working the same land since 1980 and knows her homeland well. She is very smart when it comes to her time and the seasons; during the rainy season she keeps tools for fishing to supplement her income. Between fishing and farming she earns about $4.50 per day. Her husband farms even while she is fishing and earns an additional two dollars per day.


They have six children (a normal amount for a farming family) and one is married. Two of the older children help support the family working in a garment factory. They each make $40 per month.


Ly Sy wants to develop both her farm and fishing businesses. She will apply her loan towards buying a small wooden boat with a small outboard motor. She will also buy gas for the boat and good fertilizer for her fields.


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Journal entries for Ly Sy


Loan has been disbursed
 
Entrepreneur: Ly Sy
Location: Kampong Cham, Cambodia

Thank you for your loan. It has been disbursed to Ly Sy by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 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, Cambodia
Jun 8, 2008
Comments (1)

Loan Update
 
Entrepreneur: Ly Sy
Location: Kampong Cham, Cambodia

Ly Sy lives with her husband and six children in Kampong Cham, Cambodia. Ly is a farmer, and her husband fishes. Ly requested this loan so she could buy a boat for her husband and fertilizer for her fields.

A CREDIT MFI loan officer recently visited Ly to check on her progress. After receiving her loan, Ly bought a boat that her husband uses when fishing, and fertilizer for her fields. She said that her income has increased because her husband can catch more fish with the new boat.

In the future, Ly said she wants to buy a bigger boat for her husband so he can catch even more fish. She would also like to buy a few extra plots of land so she can expand her farming. When asked, Ly 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 lender's profile can be viewed here: http://partners.kiva.org/app.php?page=businesses&action=about&id=49546, 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, Cambodia
May 19, 2009
Comment on this entry

Kiva Help Repayment Schedule for Ly Sy

  Expected Repayments Actual Repayments Comments
September 2008 $44.44 $45.00 Repayment Received
October 2008 $44.44 $45.00 Repayment Received
November 2008 $44.44 $45.00 Repayment Received
December 2008 $44.44 $45.00 Repayment Received
January 2009 $44.44 $42.20 Repayment Received
February 2009 $44.44 $44.44 Repayment Received
March 2009 $44.44 $44.44 Repayment Received
April 2009 $44.44 $44.44 Repayment Received
May 2009 $44.44 $44.44 Repayment Received
June 2009 $44.44 $44.44 Repayment Received
July 2009 $44.44 $44.44 Repayment Received
August 2009 $44.44 $44.44 Repayment Received
September 2009 $44.44 $44.44 Repayment Received
October 2009 $44.44 $44.44 Repayment Received
November 2009 $44.44 $44.44 Repayment Received
December 2009 $44.44 $44.44 Repayment Received
January 2010 $44.44 Available Jan 1  
February 2010 $44.52 Available Feb 1