Kim Phay


Status: Paid Back

$1,000.00   Loan Request
$1,000.00   Paid Back

About the Entrepreneur

Name: Kim Phay
Location: Phnom Penh City, Cambodia
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase wood in order to repair house so it does not leak during the rainy season
Repayment Term: 21 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Apr 28, 2007
Date Disbursed: May 14, 2007
Date Funded:Apr 30, 2007
Loan Ended:Dec 15, 2008

About the Country

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



Kim Phay is 55 years old and lives with her husband and five children in Phnom Penh, Cambodia. She sells delicious Chinese bean cakes in her village and can make about $2.50 per day. Her husband (pictured here) sells candy and makes about $5.00 per day. One of their daughters is a garment worker in a nearby factory and one of her sons is a construction worker. The other three children are still in school. The family hopes to use this loan to purchase wood in order to repair their house--specifically to protect it from leaking in the rainy season.



About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

Subscribe

Lenders to this entrepreneur

Dennis & Vannessa
Austin, TX
United States

Sharon
Bloomington, IN
United States

Judy
Hemet, CA
United States

Max & Laura
Manchester, NH
United States

Leanne
Denver, CO
United States

caroline
los angeles, ca
United States

Anonymous
AK
United States

Barbara
Grove City, OH
United States

Jean
Sacramento, CA
United States

The Akialis Family
Ormond Beach, FL
United States

Jeff
Los Angeles, CA
United States

Aaron
San Francisco, CA
United States

Geoffrey
Daly City, CA
United States

Todd
Coudersport, PA
United States

Andrew
Potsdam, NY
United States

Steffen
Frederiksberg,
Denmark

April & Gabe
Port Orchard, WA
United States

Douglas
Kirkland, WA
United States

Lori
Norwalk, CT
United States

Anonymous
nutley, NJ
United States

Diane
Chicago, IL
United States

Joanne
San Francisco, CA
United States

john & hien
Sugar Land, TX
United States

Alessandra
San Rafael, CA
United States



Journal entries for Kim Phay


Loan has been disbursed
 
Entrepreneur: Kim Phay
Location: Phnom Penh City, Cambodia

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


Posted by Sopheap Khiev from Phnom Penh City, Cambodia
May 2, 2007
Comment on this entry

journal update
 
Entrepreneur: Kim Phay
Location: Phnom Penh City, Cambodia

Kim Phay has lived in Phnom Penh for over 10 years with her family. She has five children of her own and four grandchildren, all of which reside in the family home. Two of the children are currently students while three are employed. Two of the children are married, increasing the size of their household. Another client recommended CREDIT to Kim Phay because of the reasonable interest rates and exceptional performance of the staff. Her first loan with CREDIT was her first time dealing with any type of money lending organization. The loan went towards much needed repairs on the family home and expanding their businesses which she also reports has moderately raised their income. She has had no problems henceforth with the running of her business or meeting her repayment deadlines with CREDIT. As of now, she has no further plans to take out additional loans or to grow her business opportunities.


Posted by Joshua Benadum from Phnom Penh City, Cambodia
Mar 24, 2008
Comment on this entry

Kiva Help Repayment Schedule for Kim Phay

  Expected Repayments Actual Repayments Comments
August 2007 $55.56 $0.00 Repayment Received
September 2007 $55.56 $112.00 Repayment Received
October 2007 $55.56 $56.00 Repayment Received
November 2007 $55.56 $56.00 Repayment Received
December 2007 $55.56 $56.00 Repayment Received
January 2008 $55.56 $56.00 Repayment Received
February 2008 $55.56 $56.00 Repayment Received
March 2008 $55.56 $56.00 Repayment Received
April 2008 $55.56 $56.00 Repayment Received
May 2008 $55.56 $56.00 Repayment Received
June 2008 $55.56 $56.00 Repayment Received
July 2008 $55.56 $56.00 Repayment Received
August 2008 $55.56 $56.00 Repayment Received
September 2008 $55.56 $56.00 Repayment Received
October 2008 $55.56 $56.00 Repayment Received
November 2008 $55.56 $56.00 Repayment Received
December 2008 $55.56 $56.00 Repayment Received
January 2009 $55.48 $48.00 Repayment Received