Sem Vai


Status: Paid Back

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

About the Entrepreneur

Name: Sem Vai
Location: Kampong Cham, Cambodia
Activity: Construction

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase rock, stones and other tools to expand her business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jul 11, 2007
Date Disbursed: Jul 27, 2007
Date Funded:Jul 13, 2007
Loan Ended:Jul 27, 2008

About the Country

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



Mrs. Sem Vai is 47 and lives in Kampong Cham in Cambodia. She makes mortars and pestles with her husband. They have 5 children, three of whom are still students. They earn two USD per day. They need to purchase rocks, stones and other tools to expand their business and increase their profit.

More information from our field partner, CREDIT:

"Originally, this is a photo of her husband because Vai Sem was unavailable when we visited. Another point, this couple can generate around $2 each; two of their children typically earn $4/day from working at the garment factory, and one of whom is a mechanic who makes up to $3/day, while other two attend school. I’m writing to make more details about this family’s revenue. And the picture taken is at their house."

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Journal entries for Sem Vai


Loan has been disbursed
 
Entrepreneur: Sem Vai
Location: Kampong Cham, Cambodia

Thank you for your loan. It has been disbursed to Sem Vai by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 12 - 18 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kampong Cham, Cambodia
Jul 27, 2007
Comment on this entry

Journal Update.
 
Entrepreneur: Sem Vai
Location: Kampong Cham, Cambodia

Mrs. Sem Vai took out a loan of US$1000 to purchase a machine that help produce mortars and pestles faster and efficient. She has been pleased with the results of her investments and can see her business growing forward. She said that the average of the profit that she earns currently is increased up to $3 a day. With the increased profits, she has been saved and purchase more stone to make her products. There are no difficulties with her business.

Again, she states that the loan is very useful as it is provide a chance to all poor entrepreneurs to start and sustain their businesses. Finally, she would like to say thanks to all lenders for interest helping Cambodian entrepreneurs like her family.

CREDIT MFI is an independent Cambodian faith-based organization. It aims to empower the economically active poor and small entrepreneurs by providing inclusive financial services.


Posted by Vichet Ouch from Kampong Cham, Cambodia
Nov 20, 2008
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Kiva Help Repayment Schedule for Sem Vai

  Expected Repayments Actual Repayments Comments
October 2007 $83.33 $84.00 Repayment Received
November 2007 $83.33 $84.00 Repayment Received
December 2007 $83.33 $84.00 Repayment Received
January 2008 $83.33 $84.00 Repayment Received
February 2008 $83.33 $84.00 Repayment Received
March 2008 $83.33 $84.00 Repayment Received
April 2008 $83.33 $84.00 Repayment Received
May 2008 $83.33 $84.00 Repayment Received
June 2008 $83.33 $84.00 Repayment Received
July 2008 $83.33 $84.00 Repayment Received
August 2008 $83.33 $84.00 Repayment Received
September 2008 $83.37 $76.00 Repayment Received