Yem Sareth


Status: Paying Back

$700.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Yem Sareth
Location: Meanchay District, Cambodia
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $700.00
Loan Use: To buy more alcoholic drinks and repair her house
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 23, 2009
Date Disbursed: Aug 20, 2009
Date Funded:Aug 25, 2009

About the Country

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



Yem Sareth is married and has two school-aged children. She lives with her husband (pictured in front of his house, which is rented to other people) and children in Phnom Penh. To make a living, she sells a type of "hard" alcoholic drink in front of her house, typically earning a gross income of US $3.00 per day. Their primary source of income is her husband’s business. He is a police officer and he rents part of his house to other people, earning collectively an income of US $5.00 per day.

The financial crisis has been difficult for business in Cambodia this past year. This factor has played into a difficult economic year for much of the country, Sareth included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, Sareth is seeking to increase her income and improve her business. She is asking for a loan of US $700 to purchase more alcoholic drinks to expand her business. With the remainder of the money, she wants to repair her house. By doing so, she believes that she will be able to raise her family's standard of living.



About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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Journal entries for Yem Sareth


Loan has been disbursed
 
Entrepreneur: Yem Sareth
Location: Meanchay District, Cambodia

Thank you for your loan. It has been disbursed to Yem Sareth by CREDIT, a partner of World Relief in Cambodia. We are excited to watch this business grow. Over the 12 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 Meanchay District, Cambodia
Aug 26, 2009
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Kiva Help Repayment Schedule for Yem Sareth

  Expected Repayments Actual Repayments Comments
November 2009 $58.00 $58.00 Repayment Received
December 2009 $58.00 $58.00 Repayment Received
January 2010 $58.00 Available Jan 1  
February 2010 $58.00 Available Feb 1  
March 2010 $58.00 Available Mar 1  
April 2010 $58.00 Available Apr 1  
May 2010 $58.00 Available May 1  
June 2010 $58.00 Available Jun 1  
July 2010 $58.00 Available Jul 1  
August 2010 $58.00 Available Aug 1  
September 2010 $58.00 Available Sep 1  
October 2010 $62.00 Available Oct 1