Lang Vin


Status: Paying Back

$1,000.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Lang Vin
Location: Kampong Cham Province, Cambodia
Activity: Animal Sales

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase more cows from the breeder to increase more income.
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 19, 2008
Date Disbursed: Oct 3, 2008
Date Funded:Sep 19, 2008

About the Country

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



Mrs. Lang Vin, is married with five children and works as a rice farmer earning only $1 each day. Her husband is a middleman buying cow to breed for only a short period then resell them for a profit. This daily business activity earns him around $3 each day. Meanwhile, one of her children is employed by a garment factory and her other two sons work at a construction site, making collectively $6 a day. Cow selling is a profitable and better business for Mrs. Lang Vin's family. She and her husband would like to purchase more cows from the breeders to increase her daily income. But they still need more capital to help them.


( Her husband is pictured because Mrs. Lang Vin is not available).



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Journal entries for Lang Vin


Loan has been disbursed
 
Entrepreneur: Lang Vin
Location: Kampong Cham Province, Cambodia

Thank you for your loan. It has been disbursed to Lang Vin 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 Kampong Cham Province, Cambodia
Oct 4, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Lang Vin
Location: Kampong Cham Province, Cambodia

Lang Vin took out a loan of US$1000 for her husband to purchase cows to resell and she also spent about US$200 to grow rice. She has been very pleased with the results of her investment and can see her businesses growing. So far, her husband has a lot of cows to resell when they grow up. This year the weather conditions is not so bad so she is expect to product more rice crop during harvest season. Lang and her husband are able to make around US$10 every day. With this profit, she can save US$5 a week. She would like to say thank to all Kiva lenders who contribute their money to help support Cambodian entrepreneurs.


Posted by Vichet Ouch from Kampong Cham Province, Cambodia
Sep 13, 2009
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Kiva Help Repayment Schedule for Lang Vin

  Expected Repayments Actual Repayments Comments
January 2009 $55.56 $55.56 Repayment Received
February 2009 $55.56 $55.56 Repayment Received
March 2009 $55.56 $55.56 Repayment Received
April 2009 $55.56 $55.56 Repayment Received
May 2009 $55.56 $55.56 Repayment Received
June 2009 $55.56 $55.56 Repayment Received
July 2009 $55.56 $55.56 Repayment Received
August 2009 $55.56 $55.56 Repayment Received
September 2009 $55.56 $55.56 Repayment Received
October 2009 $55.56 $55.56 Repayment Received
November 2009 $55.56 $55.56 Repayment Received
December 2009 $55.56 $55.56 Repayment Received
January 2010 $55.56 Available Jan 1  
February 2010 $55.56 Available Feb 1  
March 2010 $55.56 Available Mar 1  
April 2010 $55.56 Available Apr 1  
May 2010 $55.56 Available May 1  
June 2010 $55.48 Available Jun 1