Suong Phean


Status: Paying Back

$1,100.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Suong Phean
Location: Kompong Tom, Cambodia
Activity: Vehicle Repairs

About the Loan

Loan Amount: $1,100.00
Loan Use: To purchase a car
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: May 1, 2009
Date Disbursed: Apr 8, 2009
Date Funded:May 23, 2009

About the Country

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



Mr. Suong Phean, 28, owns a garage to repair vehicles. He started his investment in 2005. His wife's name is Nang. She is 18. They have just married and have one lovely young child who is still not enrolled in school. The family has been facing difficulty with transportation for a long time. They need to pay a lot for taxis. Therefore, Mr. Phean has decided to seek an $1100 loan in order to purchase a car for his family's needs as well as use it to support his business activities. (Phean's wife is pictured because he was not available that day.)

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Lenders to this entrepreneur

festival
Montreal, Quebec
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Jan
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Laurent D
Brussels,
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Keith & Amanda

Hong Kong

Paul
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Timothy
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Allison
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Kamil (VeganPhilosopher)
New York, New York (Amsterdam soon)
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Michael
Berkeley, CA
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Roger
Avalon, New South Wales
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KhmerMBA
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Chin Soon
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jerry
Quincy, MA
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Ray
El Paso, TX
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Sonny
Orange, CA
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Glen
Linesville, PA
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David
London, London
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Rupert
Manchester, UK
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stephen
St. Andrews,, New Brunswick
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James
White, SD
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Karen
Kemptville, Ontario
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Andrew
Toronto, Ontario
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Theresa
Lethbridge, Alberta
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John & Tina
Bartlett, NH
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Brett
Tulsa, OK
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Fredrick
Galena, IL
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Boris
BNEI-BRAK, ISRAEL
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Bo
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Amsterdam Escape
Amsterdam, Noord-Holland
Netherlands

Jennifer
Turner, Australian Capital Territory
Australia

Deborah
Tuart Hill, Western Australia
Australia

Pete
Toronto,
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Patrick
Colombières-sur-Orb,
France

David
POMONA, NY
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Kristen
Alpharetta, GA
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World Travelers
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lemming
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Journal entries for Suong Phean


Loan has been disbursed
 
Entrepreneur: Suong Phean
Location: Kompong Tom, Cambodia

Thank you for your loan. It has been disbursed to Suong Phean by Hattha Kaksekar Limited (HKL), a partner of Save the Children in Cambodia. We are excited to watch this business grow. Over the 12 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 Kompong Tom, Cambodia
May 24, 2009
Comment on this entry

Kiva Field Update - Message from Kiva Fellow in Cambodia
 
Entrepreneur: Suong Phean
Location: Kompong Tom, 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 Suong Phean

  Expected Repayments Actual Repayments Comments
July 2009 $92.00 $92.00 Repayment Received
August 2009 $92.00 $92.00 Repayment Received
September 2009 $92.00 $92.00 Repayment Received
October 2009 $92.00 $92.00 Repayment Received
November 2009 $92.00 $92.00 Repayment Received
December 2009 $92.00 $92.00 Repayment Received
January 2010 $92.00 Available Jan 1  
February 2010 $92.00 Available Feb 1  
March 2010 $92.00 Available Mar 1  
April 2010 $92.00 Available Apr 1  
May 2010 $92.00 Available May 1  
June 2010 $88.00 Available Jun 1