Mon

100%
Mon has fully repaid his loan of £1,466.63

Amount requested:

£1,466.63

Repayment term:

24 months

Activity type:

Farming

Partner:

BORVOR

Mr. Mon Met is a farmer, he is 32 years old. He has one child, aged 10 years old who is at school. He grows wet season rice for sale every year on his nine hectares of land. He has applied for a loan to cover his farming costs.

Mr. Mon farms rice on land the size of nine hectares. He grows only wet season rice. As his rice paddy has no irrigation system, he only plants one harvest per year, which takes 6 months before he is able to collect his produce of 2.5 tones per hectare. The middlemen buys the harvest directly from his farm. As he is short of funds, he wants to borrow a 24 month loan in order to purchase some fertiliser, pesticide, weed killer, pay for ploughing costs and to cover threshing costs.

Loan added: 30 January 2019

Mon's loan repayment schedule

Date Expected repayments Actual repayments
£133.33
£133.33
£55.56
£55.56
£55.56
£55.56
£55.56
£55.56
£55.56
£55.56
£55.56
£55.56
£55.56
£55.56

The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.

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