Ouk Navy


Status: Paying Back

$800.00   Loan Amount
11% repaid

About the Entrepreneur

Name: Ouk Navy
Location: Phnom Penh, Cambodia
Activity: Motorcycle Transport

About the Loan

Loan Amount: $800.00
Loan Use: To buy her husband a new motorbike for his business
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 24, 2009
Date Disbursed: Aug 5, 2009
Date Funded:Aug 24, 2009

About the Country

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



Ouk Navy, age 27, is married and has four children. She lives with her husband and her children in Phnom Penh City. She is employed in a local garment factory, earning approximately US$2 per day. To make a living, her husband operates a business as a motor-taxi driver, earning US$5 per day which is the primary source of income for her family.

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, Navy included. The country's economic struggles always seem to affect the poor the most.

In light of the country's economic difficulties, Navy is seeking to increase her income. She is asking for a loan of US$800 to buy a new motorbike for her husband because the old motorbike is usually broken and consumes a lot of gasoline. By doing so, she believes that her husband will be able to generate maximum income to raise a good standard of living for the family.


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Journal entries for Ouk Navy


Loan has been disbursed
 
Entrepreneur: Ouk Navy
Location: Phnom Penh, Cambodia

Thank you for your loan. It has been disbursed to Ouk Navy 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 Phnom Penh, Cambodia
Aug 25, 2009
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Kiva Help Repayment Schedule for Ouk Navy

  Expected Repayments Actual Repayments Comments
November 2009 $44.00 $44.00 Repayment Received
December 2009 $44.00 $44.00 Repayment Received
January 2010 $44.00 Available Jan 1  
February 2010 $44.00 Available Feb 1  
March 2010 $44.00 Available Mar 1  
April 2010 $44.00 Available Apr 1  
May 2010 $44.00 Available May 1  
June 2010 $44.00 Available Jun 1  
July 2010 $44.00 Available Jul 1  
August 2010 $44.00 Available Aug 1  
September 2010 $44.00 Available Sep 1  
October 2010 $44.00 Available Oct 1  
November 2010 $44.00 Available Nov 1  
December 2010 $44.00 Available Dec 1  
January 2011 $44.00 Available Jan 1  
February 2011 $44.00 Available Feb 1  
March 2011 $44.00 Available Mar 1  
April 2011 $52.00 Available Apr 1