Mrs. Vandy Ly Village Bank Group


Status: Paying Back

$2,475.00   Loan Amount
89% repaid

About the Group

Group Name: Mrs. Vandy Ly Village Bank Group
Group Members: Vandy Ly
Kech Khurn
Sophy Sin
Pakk Toeur
Minh Chourn
Srey Khan
Yourn Uk
Kalyan Loth
Savorn Ung
Pha Ouch
Mao Ngen
Sokchea Ut
Pheary Kem
Phalla Youn
Loth Noa
Veth Loth
Shim Sok
Theeda Leng
Location: Char Village, Cambodia
Activity: Food

About the Loan

Loan Amount: $2,475.00
Loan Use: to buy ingredient to make desserts
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 20, 2008
Date Disbursed: Nov 26, 2008
Date Funded:Dec 26, 2008

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,116.9500 KHR = 1 USD



This is a group loan. The group consists of eighteen people who live in Char village in Kandal province. Each will use the loan for different purposes. One of these loans is an end-of term loan. The remaining seventeen require monthly payments.


Mrs. Vandy Ly is a village bank president and the group leader. She is 42 years old and the mother of four children.Two of her children are employed at a garment factory while the remaining two attend the local school. Mrs. Vandy Ly sells dessert in the village. Since her business is going well, she wants to expand it. Her loan will be used to buy more ingredients for her delicious desserts. Her husband, Mr. Leng Sambor, is a farmer. He cultivates rice on a small piece of land.




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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Journal entries for Mrs. Vandy Ly Village Bank Group


Loan has been disbursed
 
Entrepreneur: Mrs. Vandy Ly Village Bank Group
Location: Char Village, Cambodia

Thank you for your loan. It has been disbursed to the Vandy Ly group, consisting of Vandy Ly, Kech Khurn, Sophy Sin, Pakk Toeur, Minh Chourn, Srey Khan, Yourn Uk, Kalyan Loth, Savorn Ung, Pha Ouch, Mao Ngen, Sokchea Ut, Pheary Kem, Phalla Youn, Loth Noa, Veth Loth, Shim Sok, Theeda Leng by AMK in Cambodia. We are excited to watch this business grow. Over the 11 months of this loan, AMK will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Char Village, Cambodia
Dec 27, 2008
Comment on this entry

Kiva Help Repayment Schedule for Mrs. Vandy Ly Village Bank Group

  Expected Repayments Actual Repayments Comments
February 2009 $206.25 $197.07 Repayment Received
March 2009 $206.25 $197.07 Repayment Received
April 2009 $206.25 $201.97 Repayment Received
May 2009 $206.25 $197.07 Repayment Received
June 2009 $206.25 $221.57 Repayment Received
July 2009 $206.25 $204.42 Repayment Received
August 2009 $206.25 $204.42 Repayment Received
September 2009 $206.25 $197.07 Repayment Received
October 2009 $206.25 $199.52 Repayment Received
November 2009 $206.25 $156.46 Repayment Received
December 2009 $206.25 $242.57  
January 2010 $206.25 Available Jan 1