Luy Ith


Status: Paying Back

$1,200.00   Loan Amount
72% repaid

About the Entrepreneur

Name: Luy Ith
Location: Siem Reap Province, Cambodia
Activity: Fishing

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase a wooden boat with a motor and fishing tools.
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 25, 2008
Date Disbursed: Sep 13, 2008
Date Funded:Aug 30, 2008

About the Country

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



Luy Ith, age 35, pictured above, is a housewife who stays at home looking after the children and cooking food for her family members. Her husband, Te Peak, age 34, has a business catching fish and selling it to the market to earn an approximate $6 of profit each day.

To catch more fish, Mrs. Luy would like to loan from Kiva via Credit, the local partner, of $1200, to purchase a wooden boat with a motor and more fishing tools for her husband. This will allow him to catch more fish to sell to the market.

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Journal entries for Luy Ith


Loan has been disbursed
 
Entrepreneur: Luy Ith
Location: Siem Reap Province, Cambodia

Thank you for your loan. It has been disbursed to Luy Ith by CREDIT, a partner of World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 months, CREDIT, a partner of World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Siem Reap Province, Cambodia
Sep 13, 2008
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Journal Update
 
Entrepreneur: Luy Ith
Location: Siem Reap Province, Cambodia

Luy Ith, age 35, pictured above, is a housewife who stays at home looking after the children and cooking food for her family members. Her husband, Te Peak, age 34, has a business catching fish and selling it to the market to earn an approximate $6 of profit each day.

A CREDIT MFI loan officer recently visited Luy to check on her progress. After receiving her loan, Luy reinvest on her husband's business, buying and selling more fish in the market. She has been very pleased with the result of her investment. She said the income has increased by about 4 dollars to $5 per day. She has been able to save for her children's education and more for the future business. There are no problem paying a loan back to CREDIT.

She would like to see her business expanded and her income continue to increase, and in the future she will not hesitate to borrow again. She looks forward to the opportunities provided by this loan and has been very pleased with the results so far.

Thank you so much for your generosity and kindness toward Luy Ith and her family. CREDIT appreciates your help and looks forward to partnering with you again in the future to continue to provide quality financial services to Cambodia's poor entrepreneurs.


Posted by Vichet Ouch from Siem Reap Province, Cambodia
Aug 23, 2009
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Kiva Help Repayment Schedule for Luy Ith

  Expected Repayments Actual Repayments Comments
December 2008 $66.67 $67.00 Repayment Received
January 2009 $66.67 $66.34 Repayment Received
February 2009 $66.67 $66.67 Repayment Received
March 2009 $66.67 $66.67 Repayment Received
April 2009 $66.67 $66.67 Repayment Received
May 2009 $66.67 $66.67 Repayment Received
June 2009 $66.67 $66.67 Repayment Received
July 2009 $66.67 $66.67 Repayment Received
August 2009 $66.67 $66.67 Repayment Received
September 2009 $66.67 $66.67 Repayment Received
October 2009 $66.67 $66.67 Repayment Received
November 2009 $66.67 $66.67 Repayment Received
December 2009 $66.67 $66.67 Repayment Received
January 2010 $66.67 Available Jan 1  
February 2010 $66.67 Available Feb 1  
March 2010 $66.67 Available Mar 1  
April 2010 $66.67 Available Apr 1  
May 2010 $66.61 Available May 1