Mao Chheab


Status: Paying Back

$1,000.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Mao Chheab
Location: Phnom Penh, Cambodia
Activity: Motorcycle Repair

About the Loan

Loan Amount: $1,000.00
Loan Use: To buy motorbike spare parts for his son-in-law's business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 24, 2009
Date Disbursed: Aug 21, 2009
Date Funded:Aug 24, 2009

About the Country

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



Mao Chheab, age 61, is a widower and has five children. He lives with his children in Phnom Penh City. To make a living, he works for a poor community, earning approximately US$4 per day. The family is also assisted by Chea Mariya, one of his children, who runs a business in front of her house with her husband (pictured). Mariya's husband is a skillful mechanic, and he is able to generate an income of US$10 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, Cheab included. The country's economic struggles always seem to affect the poor the most.

In light of the country's economic difficulties, Cheab is seeking to increase his income. He is asking for a loan of US$1,000 to purchase motorbike spare parts for his son-in-law to expand his business. By doing so, he believes that his son-in-law will be able to raise a good standard of living for the family.


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Journal entries for Mao Chheab


Loan has been disbursed
 
Entrepreneur: Mao Chheab
Location: Phnom Penh, Cambodia

Thank you for your loan. It has been disbursed to Mao Chheab by CREDIT, a partner of World Relief in Cambodia. We are excited to watch this business grow. Over the 11 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
Comment on this entry

Kiva Help Repayment Schedule for Mao Chheab

  Expected Repayments Actual Repayments Comments
November 2009 $83.00 $83.00 Repayment Received
December 2009 $83.00 $83.00 Repayment Received
January 2010 $83.00 Available Jan 1  
February 2010 $83.00 Available Feb 1  
March 2010 $83.00 Available Mar 1  
April 2010 $83.00 Available Apr 1  
May 2010 $83.00 Available May 1  
June 2010 $83.00 Available Jun 1  
July 2010 $83.00 Available Jul 1  
August 2010 $83.00 Available Aug 1  
September 2010 $83.00 Available Sep 1  
October 2010 $87.00 Available Oct 1