Tep Sopheap


Status: Paying Back

$1,000.00   Loan Amount
11% repaid

About the Entrepreneur

Name: Tep Sopheap
Location: Takeo Province, Cambodia
Activity: Farming

About the Loan

Loan Amount: $1,000.00
Loan Use: Mechanical plow purchase
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 21, 2009
Date Disbursed: Aug 14, 2009
Date Funded:Aug 21, 2009

About the Country

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



Tep Sopheap is thirty-nine years old and married with three children. She lives with her husband in Takeo Province. To make a living, she is engaged in a business of selling fish and food at a tourist place in the province, typically earning an income of $3 a day. Her husband is a skillful fisherman, and he uses his skill with traditional methods to fish in the river near his house, earning $3 a day. The family is also assisted by one of their children who is currently employed in a local garment factory, earning $2 a day.

The world financial crisis has been difficult for businesses in Cambodia this past year. This factor has played into a difficult economic year for much of the country, Sopheap included. The country's economic struggles always seem to affect the poor the most. In light of these difficulties, Sopheap is seeking to increase her income and improve her business. She is asking for a loan of $1000 to purchase a mechanical plow, a purchase that she sees as a great opportunity to maximize the production from her farmland. She can also rent the plow to the farmers in her village for more income.

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Journal entries for Tep Sopheap


Loan has been disbursed
 
Entrepreneur: Tep Sopheap
Location: Takeo Province, Cambodia

Thank you for your loan. It has been disbursed to Tep Sopheap by CREDIT, a partner of World Relief in Cambodia. We are excited to watch this business grow. Over the 18 months of this loan, CREDIT, a partner of World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Takeo Province, Cambodia
Aug 22, 2009
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Kiva Help Repayment Schedule for Tep Sopheap

  Expected Repayments Actual Repayments Comments
November 2009 $56.00 $56.00 Repayment Received
December 2009 $56.00 $56.00 Repayment Received
January 2010 $56.00 Available Jan 1  
February 2010 $56.00 Available Feb 1  
March 2010 $56.00 Available Mar 1  
April 2010 $56.00 Available Apr 1  
May 2010 $56.00 Available May 1  
June 2010 $56.00 Available Jun 1  
July 2010 $56.00 Available Jul 1  
August 2010 $56.00 Available Aug 1  
September 2010 $56.00 Available Sep 1  
October 2010 $56.00 Available Oct 1  
November 2010 $56.00 Available Nov 1  
December 2010 $56.00 Available Dec 1  
January 2011 $56.00 Available Jan 1  
February 2011 $56.00 Available Feb 1  
March 2011 $56.00 Available Mar 1  
April 2011 $48.00 Available Apr 1