Pum Neary


Status: Paid Back

$600.00   Loan Request
$600.00   Paid Back

About the Entrepreneur

Name: Pum Neary
Location: Phnom Penh City, Cambodia
Activity: Food Production/Sales

About the Loan

Loan Amount: $600.00
Loan Use: to buy fruit to sell at the market
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 4, 2007
Date Disbursed: Jun 19, 2007
Date Funded:Jun 5, 2007
Loan Ended:Dec 13, 2007

About the Country

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



Mrs. Pum Neary is 33 years old and sells fruit at the market. She earns $2.50/day while her husband earns $6/day working in construction. Pum Neary and her husband have three children, one of whom works in construction with his father. They will use this loan to buy more fruit to sell and help the father buy a motorbike for transportation purposes. In the future, Pum Neary wants to buy a stand in the market. She would also like for her children to finish high school.

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Journal entries for Pum Neary


Loan has been disbursed
 
Entrepreneur: Pum Neary
Location: Phnom Penh City, Cambodia

Thank you for your loan. It has been disbursed to Pum Neary by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 - 21 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Andrew Cashin from Phnom Penh City, Cambodia
Jun 7, 2007
Comment on this entry

Early Repayment!
 
Entrepreneur: Pum Neary
Location: Phnom Penh City, Cambodia

Dear Kiva Lender,

Great news! Pum Neary has repaid the Kiva loan early! Kiva and CREDIT MFI make every effort to be as transparent as possible so you can trust the information we give you. In this case, we didn’t let you know that the loan had been repaid at the time. Occasionally, when a loan is repaid early, the payment schedule posted on Kiva doesn’t always match the records of our micro finance partner in Cambodia, CREDIT MFI. As in life, the system doesn’t always run perfectly, but when there is a discrepancy we will alert you as soon as possible so you have all the information about your investment.

On the upside, the issue occurred because the client’s business is so successful! Your loan made that possible. Soon you will see a repayment posted on the client’s profile that is larger than the usual amount. This will end the loan and return the funds to your account. We hope you will choose to loan the repaid funds to another entrepreneur who would a like a chance to grow their business as well.

If you have any questions, please post them as a comment on this borrowers site and I will be happy to respond. I also encourage you to write comments on the pages of your loan recipients so we can pass along your good wishes to the borrowers.

We sincerely apologize for the oversight and are putting policies in place to make sure that it doesn’t happen again. Thank you for giving poor entrepreneurs in Cambodia a chance at success!

Best regards,

Jordyan Edmiston, Kiva Fellow, Cambodia

Mr. Chan Mach, General Manager, CREDIT MFI, Cambodia


Posted by Jordyan Edmiston from Phnom Penh City, Cambodia
Dec 13, 2007
Comment on this entry

Kiva Help Repayment Schedule for Pum Neary

  Expected Repayments Actual Repayments Comments
September 2007 $33.33 $34.00 Repayment Received
October 2007 $33.33 $34.00 Repayment Received
November 2007 $33.33 $34.00 Repayment Received
December 2007 $33.33 $34.00 Repayment Received
January 2008 $33.33 $34.00 Repayment Received
February 2008 $33.33 $430.00 Repayment Received
March 2008 $33.33 $0.00 Repayment Received
April 2008 $33.33 $0.00 Repayment Received
May 2008 $33.33 $0.00 Repayment Received
June 2008 $33.33 $0.00 Repayment Received
July 2008 $33.33 $0.00 Repayment Received
August 2008 $33.33 $0.00 Repayment Received
September 2008 $33.33 $0.00 Repayment Received
October 2008 $33.33 $0.00 Repayment Received
November 2008 $33.33 $0.00 Repayment Received
December 2008 $33.33 $0.00 Repayment Received
January 2009 $33.33 $0.00 Repayment Received
February 2009 $33.39 $0.00 Repayment Received