Boun Kim Loun


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Boun Kim Loun
Location: Siemreap Province, Cambodia
Activity: Animal Sales

About the Loan

Loan Amount: $500.00
Loan Use: To purchase more ducks to raise in a field.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 8, 2007
Date Disbursed: Jun 22, 2007
Date Funded:Jun 8, 2007
Loan Ended:Dec 13, 2007

About the Country

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



Mrs. Boun Kim Loun, 42 years old, is a mother of 4 children who are students, and lives in Siem Reap province, Cambodia. She and her husband (pictured here) raise ducks in their field and sell their eggs to a market. This couple has to get up early in the morning to feed the ducks and collect eggs for their wholesalers. With this business activity, Kim Loun typically makes about $10/day in revenue to supplement their household income. In order to increase their livestock and satisfy her clients' needs, Kim Loun hopes to use the loan to purchase ducks and feed. In the future, she is thinking about making more money to provide her family with a better quality of life and offer her children a high level of education.

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Journal entries for Boun Kim Loun


Loan has been disbursed
 
Entrepreneur: Boun Kim Loun
Location: Siemreap Province, Cambodia

Thank you for your loan. It has been disbursed to Boun Kim Loun by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 10 - 13 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Nick Lazos from Siemreap Province, Cambodia
Jun 10, 2007
Comment on this entry

Early Repayment!
 
Entrepreneur: Boun Kim Loun
Location: Siemreap Province, Cambodia

Dear Kiva Lender,

Great news! Boun Kim Loun 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 Siemreap Province, Cambodia
Dec 13, 2007
Comment on this entry

Journal Update
 
Entrepreneur: Boun Kim Loun
Location: Siemreap Province, Cambodia

Boun Kim Loun has been very successful with her business expansion. She first heard about CREDIT from a neighbor and decided to take out a loan to purchase some duck food. She was able to use the new duck food to increase her income, and with her new profits she will purchase more ducks to raise. She has had no difficulties running her business or repaying the loan and as you can see, she repaid early! She is very grateful for the funds she received and is considering using CREDIT to take out another loan in the future.


Posted by Mark Schmeissing from Siemreap Province, Cambodia
Jun 12, 2008
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Kiva Help Repayment Schedule for Boun Kim Loun

  Expected Repayments Actual Repayments Comments
September 2007 $50.00 $50.00 Repayment Received
October 2007 $50.00 $50.00 Repayment Received
November 2007 $50.00 $50.00 Repayment Received
December 2007 $50.00 $50.00 Repayment Received
January 2008 $50.00 $50.00 Repayment Received
February 2008 $50.00 $250.00 Repayment Received
March 2008 $50.00 $0.00 Repayment Received
April 2008 $50.00 $0.00 Repayment Received
May 2008 $50.00 $0.00 Repayment Received
June 2008 $50.00 $0.00 Repayment Received