Srey Moch Aeng


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Srey Moch Aeng
Location: Khsach Kandal District, Cambodia
Activity: Crafts

About the Loan

Loan Amount: $500.00
Loan Use: Purchase silk materials, sewing thread and pay for house rennovations
Repayment Term: 14 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 3, 2007

About the Country

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



Srey Moch is married with two children, a daughter and a son. She learned to weave silk from her neighbor when she was 15 years old. She later trained her husband to weave as well. She is currently producing silk products and selling groceries. She has borrowed loans from MAXIMA before. The loans have low interest compared to local money lenders and are easier to repay. Before borrowing loans from MAXIMA, her family had two looms. After receiving the loans, she has been able to purchase more looms and is hiring four women in the village to produce silk products. The loans will be used to buy silk materials, sewing thread, and also to rennovate the house and construct a bathroom. The loans are helping Mrs. Moch's family to improve their living conditions and she is glad to be able to employ other women in the village.

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Lenders to this entrepreneur

lulu blue
mill valley, CA
United States

Kay
Columbia, MD KivaFriends.org
United States

Alysia
Round Rock, TX
United States

Clive
Bedford, MA
United States

Ted
Los Angeles, California
United States

GABE AND HELEN
San Marino, CA
United States



Journal entries for Srey Moch Aeng


Loan has been disbursed
 
Entrepreneur: Srey Moch Aeng
Location: Khsach Kandal District, Cambodia

Thank you for your loan. It has been disbursed to Srey Moch AENG by MAXIMA Mikroheranhvatho Co., Ltd. in Cambodia. We are excited to watch this business grow. Over the next 12 - 16 months, MAXIMA Mikroheranhvatho Co., Ltd. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Khsach Kandal District, Cambodia
Jun 19, 2007
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Update on Srey Moch Aeng
 
Entrepreneur: Srey Moch Aeng
Location: Khsach Kandal District, Cambodia

Srey Moch, 31, and her husband, Voeun Him, welcomed us in to the bustling work area under their stilt home. Five looms sat threaded with brilliantly colored silk. There was the distinguishable clatter of wood against wood (from the multiple screen templates that are set up to create the varying patterns on the cloth) from several women weaving. Nearby, an older man and woman, Srey Moch's parents, sat spinning thread on to wheels. It was the largest weaving operation we'd yet visited in the area, started by one woman - Srey Moch. She's an ambitious woman who learned to weave from a neighbor when only 15 years old. It was 9 years ago that she taught her husband to weave, and then other village women. Before borrowing from Maxima she had only two looms. Now, seven loans later, she has slowly added one loom at a time to expand her business.

Srey Moch's latest loan of $500 has been completely repaid as of December. This is several months ahead of schedule. This loan, funded through Kiva, enabled Srey Moch to buy raw silk in bulk at the markets in Phnom Penh and thereby increase her profits. Both Srey Moch and her husband can weave quickly - one piece every 2-3 days. The women she trains typically take four days per piece, for which they are paid $3/each and get free on-the-job training. If the quality is good, each piece can be sold to the local middleman for $15 USD per piece. A portion of the loan was also used for home improvements and to purchase additional products for the small mini-mart they also operate in front of their home.

Srey Moch is now teaching her young daughter to weave after school. She has a son who also attends the local primary school. In the future, she would like to borrow again to purchase one more loom and additional weaving materials. After that, I think she's going to need to build an extension!


Posted by Tami Rowan from Khsach Kandal District, Cambodia
Dec 5, 2007
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Kiva Help Repayment Schedule for Srey Moch Aeng

  Expected Repayments Actual Repayments Comments
September 2007 $41.67 $42.00 Repayment Received
October 2007 $41.67 $42.00 Repayment Received
November 2007 $41.67 $42.00 Repayment Received
December 2007 $41.67 $42.00 Repayment Received
January 2008 $41.67 $42.00 Repayment Received
February 2008 $41.67 $290.00 Repayment Received
March 2008 $41.67 $0.00 Repayment Received
April 2008 $41.67 $0.00 Repayment Received
May 2008 $41.67 $0.00 Repayment Received
June 2008 $41.67 $0.00 Repayment Received
July 2008 $41.67 $0.00 Repayment Received
August 2008 $41.63 $0.00 Repayment Received