Yang Lon's Group


Status: Paid Back

$800.00   Loan Request
$800.00   Paid Back

About the Group

Group Name: Yang Lon's Group
Group Members: Mao Poun
Pilot Long
Yang Lon
Location: Kandal Province, Cambodia
Activity: Services

About the Loan

Loan Amount: $800.00
Loan Use: Yang would like to purchase more decorative materials for her decoration service and the other entrepreneurs in the group would like help with improving their businesses.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 19, 2008
Date Disbursed: Nov 3, 2008
Date Funded:Oct 20, 2008
Loan Ended:Aug 15, 2009

About the Country

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



Mrs. Yang Lon, 40 years old, is a wedding decorator. She provides a decorating service at clients' houses for wedding parties and other ceremonies. She currently earns approximately US$5.00 a day, and her income is higher than her husband's. Her husband Mr. Senghong Bu, 43 years old, helps his wife's business. They have four children and one of them is a fisherman. Recently, Yang wanted to fulfill a customer's requirement hence she decided to ask for a loan of US$400 to purchase more decorative materials for her service. She hopes the loans will help to expand this modern business. Mrs. Yang is the group leader of three members in a joint loan as following:


Mr. Pilot Long, 28, is a fisherman who has been fishing for a long time in the Tonle Sap Lake. He requests a loan of US$200 to purchase fishing tools such as nets, traps, etc.


Mrs. Mao Poun, 36 years old, is a fish and vegetable seller. Her husband fishes and she sells them at a market. Mao seeks a loan of US$200 to buy a new net and trap for her husband. The loan will increase their revenue and support their daily foods.

They all live in Sarikakao Commune, Kandal Province.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more


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Kanae
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paul and jane
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Anonymous
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Jan-Wouter
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Paul
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Nighean
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Beth
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Jocelyne
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connie
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Journal entries for Yang Lon's Group


Loan has been disbursed
 
Entrepreneur: Yang Lon's Group
Location: Kandal Province, Cambodia

Thank you for your loan. It has been disbursed to the Yang Lon group, consisting of Yang Lon, Pilot Long, Mao Poun by Hattha Kaksekar Limited (HKL), a partner of Save the Children in Cambodia. We are excited to watch this business grow. Over the next 8 months, Hattha Kaksekar Limited (HKL), a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Phal Sovannarith from Kandal Province, Cambodia
Oct 20, 2008
Comment on this entry

Update on Mrs. Yang Lon
 
Entrepreneur: Yang Lon's Group
Location: Kandal Province, Cambodia

Mrs. Yan Lon has found the loan of $400 to be very helpful in her business. She runs a one-stop shop for local wedding ceremonies; providing chairs, tables, and any other equipment that you would need. She used the loan to purchase some more speakers, tables and chairs.

One challenge that she has faced is that there are several other people in the area who run similar businesses, which makes the competition high. She said that the added equipment that she was able to buy made her more competitive but that she still needs more. Once she completes this loan she hopes to be able to take out another so that she can purchase a generator, which she says will really set her apart from the others.

She says that the other members of the loan, Pilot Loung and Mao Poun are doing well with their fishing. She also mentioned that her business is doing so well that she has been able to hire Mr. Long and Mrs. Poun during some of her busiest times. This, she says, has helped both her and them.

She has four children, all of whom are attending school. She hopes to continue her success, which would allow all of them to finish their studies.

I took a short clip of some of the equipment that Mrs. Yan Lon uses in her business, the link for that is below:

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To watch the video of our visit Here

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If you would like to read more about what it is like to be a Kiva Fellow check out our blog Here


Posted by Andrew Loizeaux from Kandal Province, Cambodia
Mar 4, 2009
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Kiva Field Update - Message from Kiva Fellow in Cambodia
 
Entrepreneur: Yang Lon's Group
Location: Kandal Province, Cambodia

Thank you for supporting a Kiva entrepreneur in Cambodia. My name is Drew Loizeaux, and I have been serving as a Kiva Fellow with one of Kiva’s partners in Cambodia, Hattha Kaksekar Limited (HKL), for the last three months. Working alongside the fantastic staff here, and meeting many of the clients that your loans have funded, has been a tremendously inspiring experience. Without you, the Kiva lenders, none of this would be possible.

Working at HKL with everyone from management to field staff, I have seen first hand the dedication to fostering these relationships. HKL staff serve their clients with an amazing amount of respect and understanding that, in turn, creates a great level of trust between both parties. The Kiva model flourishes with this trust, because many important details of the lives and businesses of the entrepreneurs that would otherwise be missed are passed on to the lenders.

Before I became a Kiva Fellow, my favorite part of the lending process was receiving updates on the Kiva entrepreneurs who I had lent to. It was like a small window into their lives, and it made me feel like I was able to make the world better in some small but tangible way. As a Kiva Fellow, visiting with clients and finding out about the borrowers’ progress is still my favorite part of working with Kiva.

Many of you have received updates on HKL loans, but I know many others have not. We have been working extremely hard to get as many journals as possible written, but with current staffing and the number of HKL loans on Kiva, we have been focusing on the loans that are ending soon. In the next year, we anticipate that you will receive individual updates on a large majority of your loans. In the meantime, I would like to share the videos and journals for three of my favorite meetings with Kiva Entrepreneurs during my time here. I hope you enjoy them!

Soch Han and her family make bricks from the earth on their property. When I went to visit with them, they were removing the bricks from the oven. This activity made a very interesting video, which you can watch here: http://www.youtube.com/watch?v=ofLQtOnADko&_te=mj. Read the entire journal of our visit on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=46326&_te=mj

Rom Chhoeuy sells fish and traditional fish paste at a local market. When I visited with her, I asked her what her hopes and dreams are for the future. When her kids realized that they were being videotaped, they were very excited about it and spent the whole time waving at me. You can see the video here: http://www.youtube.com/watch?v=kN-DBP1CLls&_te=mj. Read the whole journal on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=53965&_te=mj

Khean Tol has many business endeavors, including farming, raising pigs, making baskets, and making rice wine. When I went to visit her, she was in the middle of making a set of baskets and was kind enough so show me how she makes them. You can watch video of this here: http://www.youtube.com/watch?v=qNDJQrkc7UA&_te=mj. Read the whole journal on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=47715&_te=mj.

On behalf of Kiva and everyone here at HKL, thanks again for your loan and continued support of entrepreneurs in Cambodia.

Sincerely,

Drew Loizeaux,

Kiva Fellow with HKL

Phnom Penh, Cambodia


Posted by JD Bergeron, Kiva Staff, from San Francisco, United States
Jun 11, 2009
Comments (26)

Kiva Help Repayment Schedule for Yang Lon's Group

  Expected Repayments Actual Repayments Comments
February 2009 $100.00 $100.00 Repayment Received
March 2009 $100.00 $100.00 Repayment Received
April 2009 $100.00 $100.00 Repayment Received
May 2009 $100.00 $100.00 Repayment Received
June 2009 $100.00 $100.00 Repayment Received
July 2009 $100.00 $100.00 Repayment Received
August 2009 $100.00 $100.00 Repayment Received
September 2009 $100.00 $100.00 Repayment Received