Chey Chorn

Kandal Village, Samrorng Commune,, Cambodia

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34274

Chey needed £1126.34 for his business.

Amount Requested

Amount requested:

£1126.34

Repayment term

Repayment term:

36 Months

Activity type

Activity type:

Farming

MFI Partner

MFI partner:

BORVOR

Mr. Chey is 57 years old and he has been a farmer for over 18 years. Presently he farms rice on two hectares of land. He grows wet season rice and in a period of around just six months he can collect three tonnes of crops per hectare to sell. To get more rice crops to sell on the market he also rents another plot of land of around three more hectares to grow more wet season rice. The rent cost is around $100 per hectare for a year. He can get around three tonnes of crops to sell from this rented farm land. He generally sells his rice crops directly to local merchants after his crops have been harvested. To farm his rice as in previous years he applied for this 36 month loan in order to purchase some seeds, pesticide, weed killer, pay for the ploughing costs (one hectare costs $40) and cover the rental costs of the land.

loan added: 16 April 2018

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Chey's loan Repayment schedule

Date Expected repayments Actual repayments
April 2018 £102.39 --
May 2018 £28.44 --
June 2018 £28.44 --
July 2018 £28.44 --
August 2018 £28.44 --
September 2018 £28.44 --


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