Kem Theara


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Kem Theara
Location: Phnom Penh, Cambodia
Activity: Food Production/Sales

About the Loan

Loan Amount: $500.00
Loan Use: To buy rice and sugar
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 24, 2009
Date Disbursed: Aug 6, 2009
Date Funded:Aug 24, 2009
Loan Ended:Nov 15, 2009

About the Country

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



Kem Theara, age 29, is a widow and has a child. She lives with her child in Phnom Penh City. To make a living, she operates a business producing Cambodian traditional cake, earning approximately 4 USD per day. This amount of income is the primary source of income for the 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, Theara included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, Theara is seeking to increase her income. She is asking for a loan of 500 USD to purchase rice and sugar to manufacture more cakes to sell. By doing so, she hopes she will be able to generate more income and save more money for her child's education.


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Journal entries for Kem Theara


Loan has been disbursed
 
Entrepreneur: Kem Theara
Location: Phnom Penh, Cambodia

Thank you for your loan. It has been disbursed to Kem Theara by CREDIT, a partner of World Relief in Cambodia. We are excited to watch this business grow. Over the 10 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 Kem Theara

  Expected Repayments Actual Repayments Comments
November 2009 $50.00 $50.00 Repayment Received
December 2009 $50.00 $450.00 Repayment Received
January 2010 $50.00 Available Jan 1 Repayment Received
February 2010 $50.00 Available Feb 1 Repayment Received
March 2010 $50.00 Available Mar 1 Repayment Received
April 2010 $50.00 Available Apr 1 Repayment Received
May 2010 $50.00 Available May 1 Repayment Received
June 2010 $50.00 Available Jun 1 Repayment Received
July 2010 $50.00 Available Jul 1 Repayment Received
August 2010 $50.00 Available Aug 1 Repayment Received