Mr. Savuth Ung Group Loan


Status: Paying Back

$775.00   Loan Amount
18% repaid

About the Group

Group Name: Mr. Savuth Ung Group Loan
Group Members: Savuth Ung
Phally Ung
Dyna Meas
Yorm Seng
Location: Chrouy Pisei Village, Cambodia
Activity: Auto Repair

About the Loan

Loan Amount: $775.00
Loan Use: To buy more car accessories for his customers
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 6, 2009
Date Disbursed: Aug 10, 2009
Date Funded:Sep 28, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,152.0000 KHR = 1 USD



Mr. Savuth Ung is leader of the group which consist of four people and they live in Chrouy Pisei village in Takeo province.

Mr. Savuth Ung is a car repairer in the local village. Since this business is going well, he decided to ask for a loan to buy more car accessories for his customers and he hopes to make more income for his family.

Mr. Savuth Ung is 47 years old and the father of six children, four of whom are employed in different jobs and the others two are attending the local school.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Mr. Savuth Ung Group Loan


Loan has been disbursed
 
Entrepreneur: Mr. Savuth Ung Group Loan
Location: Chrouy Pisei Village, Cambodia

Thank you for your loan. It has been disbursed to Mr. Savuth Ung Group Loan, consisting of Savuth Ung, Phally Ung, Dyna Meas, Yorm Seng by Angkor Microfinance Kampuchea (AMK) in Cambodia. We are excited to watch this business grow. Over the 11 months of this loan, Angkor Microfinance Kampuchea (AMK) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Chrouy Pisei Village, Cambodia
Sep 29, 2009
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Kiva Help Repayment Schedule for Mr. Savuth Ung Group Loan

  Expected Repayments Actual Repayments Comments
November 2009 $70.53 $70.53 Repayment Received
December 2009 $70.52 $70.52 Repayment Received
January 2010 $70.53 Available Jan 1  
February 2010 $70.52 Available Feb 1  
March 2010 $70.53 Available Mar 1  
April 2010 $70.52 Available Apr 1  
May 2010 $70.53 Available May 1  
June 2010 $70.52 Available Jun 1  
July 2010 $70.53 Available Jul 1  
August 2010 $70.52 Available Aug 1  
September 2010 $69.75 Available Sep 1