Mom Chanthy's Group


Status: Paying Back

$900.00   Loan Amount
60% repaid

About the Group

Group Name: Mom Chanthy's Group
Group Members: Mom Chanthy
Vuon Pheak
Peang Vandy
Location: Siem Reap, Cambodia
Activity: Food

About the Loan

Loan Amount: $900.00
Loan Use: To enlarge her snack-food business
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Apr 22, 2009
Date Disbursed: Apr 9, 2009
Date Funded:Apr 22, 2009

About the Country

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



This is a small loan for three borrowers, all of whom live in Sala Komreuk Commune, Siem Reap Province. The group's leader, Mrs. Chanthy, 41, makes a living selling snack foods. She sells products like Khmer noodles, boiled eggs, and some sweet for kids. She can generate an income of $ 4 each day, and she reinvests the income in her business activities.


Mrs. Chanthy has four children; they are students and they all always help her in her business. She married to Dy, age 45, who is a motor taxi driver. Mrs. Chanthy's business is improving and her customers are requesting more goods. Therefore, she has decided to seek a loan in order to enlarge her business.


The other two borrowers are:


Mrs. Pheak, a Khmer cake seller who requesting a loan to purchase a motor for family riding.


Mrs. Vandy, a good homemaker. Her family's expenses are met by her husband, who works as a local teacher. She is applying for a loan to repair her house.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more


Subscribe

Lenders to this group

Gao, Wei
Beijing, 
China

Richard
Birchgrove, New South Wales
Australia

Pamela and Andy
North Chelmsford, MA
United States

Anonymous
Toronto, Ontario
Canada

Anonymous
Sudbury, MA
United States

Brian
Saskatoon, Saskatchewan
Canada

Luca

Italy

eeva-leena
02360 espoo, finland
Finland

Peter
Wien,
Austria

Feast of Victory Lutheran
Acme, MI
United States

Susan
Sparta, TN
United States

Anne
Mesa, AZ
United States

Antoinette
Ceceda,Nava, Asturias
Spain

jennifer
Elburn, IL
United States

noah williamsson
Helsingborg,
Sweden

Kristin and Alan
La Crosse, WI
United States

Jaff
Ft. Lauderdale, FL
United States

Karam Foundation
Chicago, IL
United States

Judith
Halifax, Nova Scotia
Canada

Tetsuya
Sendai, Miyagi

Barry
East Patchogue, NY
United States

Ans en Jan
Wehl,
Netherlands

Sachyn
W, Connecticut,
United States

Christian
Washington, DC
United States

Jill & John Melnicki
Washington, DC
United States

Suzanne
Brooklyn, NY
United States

Charles
Sydney, New South Wales
Australia

Anonymous
Sydney, New South Wales
Australia

Exsila AG
Zug,
Switzerland



Top Lending Teams for this group


Corporate Executive Board Givers
Businesses
9 Members

Person in China
Common Interest
2 Members

TIBCO
Businesses - Internal Groups
20 Members

Jaiku
Other
12 Members

KivaFriends.org
Common Interest
956 Members

Journal entries for Mom Chanthy's Group


Loan has been disbursed
 
Entrepreneur: Mom Chanthy's Group
Location: Siem Reap, Cambodia

Thank you for your loan. It has been disbursed to Mom Chanthy's Group, consisting of Mom Chanthy, Vuon Pheak, Peang Vandy by Hattha Kaksekar Limited (HKL), a partner of Save the Children in Cambodia. We are excited to watch this business grow. Over the 10 months of this loan, Hattha Kaksekar Limited (HKL), a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Siem Reap, Cambodia
Apr 23, 2009
Comment on this entry

Kiva Field Update - Message from Kiva Fellow in Cambodia
 
Entrepreneur: Mom Chanthy's Group
Location: Siem Reap, Cambodia

Thank you for supporting a Kiva entrepreneur in Cambodia. My name is Drew Loizeaux, and I have been serving as a Kiva Fellow with one of Kiva’s partners in Cambodia, Hattha Kaksekar Limited (HKL), for the last three months. Working alongside the fantastic staff here, and meeting many of the clients that your loans have funded, has been a tremendously inspiring experience. Without you, the Kiva lenders, none of this would be possible.

Working at HKL with everyone from management to field staff, I have seen first hand the dedication to fostering these relationships. HKL staff serve their clients with an amazing amount of respect and understanding that, in turn, creates a great level of trust between both parties. The Kiva model flourishes with this trust, because many important details of the lives and businesses of the entrepreneurs that would otherwise be missed are passed on to the lenders.

Before I became a Kiva Fellow, my favorite part of the lending process was receiving updates on the Kiva entrepreneurs who I had lent to. It was like a small window into their lives, and it made me feel like I was able to make the world better in some small but tangible way. As a Kiva Fellow, visiting with clients and finding out about the borrowers’ progress is still my favorite part of working with Kiva.

Many of you have received updates on HKL loans, but I know many others have not. We have been working extremely hard to get as many journals as possible written, but with current staffing and the number of HKL loans on Kiva, we have been focusing on the loans that are ending soon. In the next year, we anticipate that you will receive individual updates on a large majority of your loans. In the meantime, I would like to share the videos and journals for three of my favorite meetings with Kiva Entrepreneurs during my time here. I hope you enjoy them!

Soch Han and her family make bricks from the earth on their property. When I went to visit with them, they were removing the bricks from the oven. This activity made a very interesting video, which you can watch here: http://www.youtube.com/watch?v=ofLQtOnADko&_te=mj. Read the entire journal of our visit on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=46326&_te=mj

Rom Chhoeuy sells fish and traditional fish paste at a local market. When I visited with her, I asked her what her hopes and dreams are for the future. When her kids realized that they were being videotaped, they were very excited about it and spent the whole time waving at me. You can see the video here: http://www.youtube.com/watch?v=kN-DBP1CLls&_te=mj. Read the whole journal on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=53965&_te=mj

Khean Tol has many business endeavors, including farming, raising pigs, making baskets, and making rice wine. When I went to visit her, she was in the middle of making a set of baskets and was kind enough so show me how she makes them. You can watch video of this here: http://www.youtube.com/watch?v=qNDJQrkc7UA&_te=mj. Read the whole journal on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=47715&_te=mj.

On behalf of Kiva and everyone here at HKL, thanks again for your loan and continued support of entrepreneurs in Cambodia.

Sincerely,

Drew Loizeaux,

Kiva Fellow with HKL

Phnom Penh, Cambodia


Posted by JD Bergeron, Kiva Staff, from San Francisco, United States
Jun 11, 2009
Comments (26)

Kiva Help Repayment Schedule for Mom Chanthy's Group

  Expected Repayments Actual Repayments Comments
July 2009 $90.00 $90.00 Repayment Received
August 2009 $90.00 $90.00 Repayment Received
September 2009 $90.00 $90.00 Repayment Received
October 2009 $90.00 $90.00 Repayment Received
November 2009 $90.00 $90.00 Repayment Received
December 2009 $90.00 $90.00 Repayment Received
January 2010 $90.00 Available Jan 1  
February 2010 $90.00 Available Feb 1  
March 2010 $90.00 Available Mar 1  
April 2010 $90.00 Available Apr 1