Monirath Lenh

Preahnet Preah, Banteay Meanchey, Cambodia

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35310

Monirath needed £2442.67 for his business.

Amount Requested

Amount requested:

£2442.67

Repayment term

Repayment term:

36 Months

Activity type

Activity type:

Farming

MFI Partner

MFI partner:

BORVOR

Monirath Lenh is 31 years old, married with a 4 year old child, and lives in the Preahnet Preah district of Banteay Meanchey province in the north west of Cambodia.

He and his wife currently grow rice on their 2 hectares of land. Their rice paddy produces three tonnes of crops per hectare, and they’re able to harvest a crop every six months. After the crops are harvested a vendor buys the rice crops directly from their farm.

At the moment Monirath has to rent another villager’s tractor to plough their land, for which they are charged around £38 per hectare. This significantly cuts into their household earnings, so he will use the loan together with some savings to purchase his own walking tractor. He hopes that this loan will increase his family’s household income, and will help him be able to afford to send his child to school in future.

loan added: 03 July 2018

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Monirath's loan Repayment schedule

Date Expected repayments Actual repayments
July 2018 £222.06 --
August 2018 £61.68 --
September 2018 £61.68 --
October 2018 £61.68 --
November 2018 £61.68 --
December 2018 £61.68 --


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