Va Chou


Status: Paid Back

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

About the Entrepreneur

Name: Va Chou
Location: Toul Kork, Cambodia
Activity: Restaurant

About the Loan

Loan Amount: $1,000.00
Loan Use: Purchase shop to sell Chinese noodles and coffee.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 13, 2006
Date Disbursed: Oct 31, 2006
Date Funded:Oct 17, 2006
Loan Ended:Oct 18, 2007

About the Country

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



Chou Va is a loving mother of three children who is excited about the opportunity to provide them with a better life. She currently runs a small business of selling Chinese noodles and coffee. She her current sales total about $2.25 per day with expenses of $1.50 per day, for a net income of about $0.75 per day. Chou Va is applying for a loan of $1,000 dollars in order to purchase a bigger shop to sell her noodles and coffee in. This will allow her to make her business more established, and thus provide the opportunity for increased business.



Chou Va's two older children also help to support the family income. Her oldest son works in a factory and earns a salary of $120 a month. Her daughter works for a local company and earns a salary of $70 a month. Her youngest son is still attending school. In the future Chou Va would like to continue to expand her shop, and she would like to make it a very strong and successful restaurant.



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Lenders to this entrepreneur

Larry
Anchorage, AK
United States

Anonymous
Wien, Wien
Austria

Anonymous
Newcastle, WA
United States

Jeff
Los Angeles, CA
United States

Kenneth and Evelyn
Seattle, WA
United States

Margaret
san francisco, CA
United States

Laurie & Emerald
Franklin, TN
United States

Anonymous

Chuck
Lawrenceburg, TN
United States

IMS Seattle
Covington, WA
United States

Deborah
Silver Spring, MD
United States

Michael
Chicago, IL
United States

Anonymous
San Diego, CA
Afghanistan

Anonymous
DUMFRIES, VA
United States



Journal entries for Va Chou


Loan has been disbursed
 
Entrepreneur: Va Chou
Location: Toul Kork, Cambodia

Thank you for your loan. It has been disbursed to Va Chou by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 12 - 14 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Amber Hirschy from Toul Kork, Cambodia
Oct 18, 2006
Comments (2)

A Visit to Va Chau
 
Entrepreneur: Va Chou
Location: Toul Kork, Cambodia

Va Chau showed us into her house, which was a wooden structure raised high above the stagnant flood water below. Despite having little money, it is a well kept home. Lace hangs prettily from one of the doorways and some large, brightly colored pictures decorate the wall. These additions are clearly old, but they demonstrate care and love of the family home.

Va Chau explained that she had taken out the loan with Kiva/Credit with the aim of purchasing a shop in a busier area, which she felt would increase her customer base. Unfortunately, the cost of the shops in the area where Va Chau wished to buy became too expensive. Not prepared to give up immediately, she began renting instead. Within a few months it became evident that the rent was also too expensive. Eventually, Va Chau had to make the difficult to decision to change businesses as the high rent was eating into her profits. Having a family to support, Va Chau was forced to use the remainder of the loan to raise pigs instead. Whilst she preferred her work preparing noodles and coffee, her new business provides her with a crucial income, which she uses to support her daughter through hair-dressing college.

For now, Va Chau is contented to continue raising pigs as she needs the reliable income to support her family. Once her daughter finishes college however she aspires to re-open the shop. Her other dreams centre around seeing her children successful. In particular, she would love to see her daughter open her own hairdressing salon.


Posted by Charlotte Bailey from Toul Kork, Cambodia
Sep 10, 2007
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Kiva Help Repayment Schedule for Va Chou

  Expected Repayments Actual Repayments Comments
January 2007 $83.33 $83.00 Repayment Received
February 2007 $83.33 $83.00 Repayment Received
March 2007 $83.33 $83.00 Repayment Received
April 2007 $83.33 $83.00 Repayment Received
May 2007 $83.33 $83.00 Repayment Received
June 2007 $83.33 $0.00 Repayment Received
July 2007 $83.33 $83.00 Repayment Received
August 2007 $83.33 $0.00 Repayment Received
September 2007 $83.33 $258.00 Repayment Received
October 2007 $83.33 $84.00 Repayment Received
November 2007 $83.33 $84.00 Repayment Received
December 2007 $83.37 $76.00 Repayment Received