Kung Mach


Status: Paid Back

$1,000.00   Loan Request
$1,000.00   Paid Back

About the Entrepreneur

Name: Kung Mach
Location: Preyveng Province, Cambodia
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,000.00
Loan Use: Needs to expand her business by purchasing more food supplies and some utensils to meet her clients' needs.
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jul 8, 2007
Date Disbursed: Jul 22, 2007
Date Funded:Jul 8, 2007
Loan Ended:Jul 30, 2008

About the Country

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



Mrs. Kung Mach is 49 years old, married and a mother of 5 children. She lives with her husband in the Prey Veng province, Cambodia, where she and her husband together sell beef / pork rice and porridge to the people in her area. This business activity provides her with an average of around $5 in revenue per day. Meanwhile, one of the children runs a small booth at a market selling women’s handbags and the rest of her children are enrolled school. Mrs. Kung Mach currently needs to expand her business by purchasing more food supplies and more utensils in order to meet her clients’ needs. In the future, she hopes to save enough money for her children’s education.

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Lenders to this entrepreneur

David & Joanna
Boise, ID
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Theresa
Portland, OR
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William
Montréal, Québec
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Steve
Bellevue, WA
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Eric
San Francisco, CA
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Wesley
Manhattan Beach, CA
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Anonymous
WAXHAW, NC
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Alexander
Alpharetta, GA
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jelly
Prague,
Czech Republic

FarmallCub
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Karl and Janis
PORT ORCHARD, WA
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Sharon
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AtTheWatersEdge.Org
league city, TX
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Journal entries for Kung Mach


Loan has been disbursed
 
Entrepreneur: Kung Mach
Location: Preyveng Province, Cambodia

Thank you for your loan. It has been disbursed to Kung Mach by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 - 24 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Preyveng Province, Cambodia
Jul 23, 2007
Comment on this entry

Journal Update
 
Entrepreneur: Kung Mach
Location: Preyveng Province, Cambodia

Kung Mach took out a loan of US$1000 to make some investments in her food stand and expand her customer base. She has been pleased with the results of her investments and can see her business growing. She has been able to purchase some chairs, tables, and more ingredients for her business as she planned and can now generate up to US$30 each day in revenue. With her increased profits, she has been able to improve her living conditions and continue to expand her business. She is very happy with the level of support that she is able to provide her family with her investments.

Kung Mach first heard about CREDIT through a promotion in her village and has been very pleased with the quality service and low interest rate. She had never taken out a loan before, but has been very pleased with the quality assistance and friendly service that she has received from CREDIT. She has faced very few difficulties in running her business and has been prompt in her loan repayments.

She would like to see her business expanded and her income continue to increase in the future, but as for now, she doesn't have any plans to take out another loan. After this loan is fully repaid, she will reevaluate her business and determine what her next step should be. Her plans are to increase the size of the property that she now owns to enlarge her shop. She looks forward to the opportunities provided by this loan and has been very pleased so far.

Thank you so much for your generosity and kindness to Kung Mach and her family. CREDIT appreciates your help and looks forward to partnering with you again in the future to continue to provide quality financial services to Cambodia's poor entrepreneurs.


Posted by Mark Schmeissing from Preyveng Province, Cambodia
Jul 16, 2008
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Kiva Help Repayment Schedule for Kung Mach

  Expected Repayments Actual Repayments Comments
October 2007 $55.56 $56.00 Repayment Received
November 2007 $55.56 $56.00 Repayment Received
December 2007 $55.56 $56.00 Repayment Received
January 2008 $55.56 $56.00 Repayment Received
February 2008 $55.56 $56.00 Repayment Received
March 2008 $55.56 $56.00 Repayment Received
April 2008 $55.56 $56.00 Repayment Received
May 2008 $55.56 $56.00 Repayment Received
June 2008 $55.56 $56.00 Repayment Received
July 2008 $55.56 $56.00 Repayment Received
August 2008 $55.56 $56.00 Repayment Received
September 2008 $55.56 $384.00 Repayment Received
October 2008 $55.56 $0.00 Repayment Received
November 2008 $55.56 $0.00 Repayment Received
December 2008 $55.56 $0.00 Repayment Received
January 2009 $55.56 $0.00 Repayment Received
February 2009 $55.56 $0.00 Repayment Received
March 2009 $55.48 $0.00 Repayment Received