Chantha Touch


Status: Paid Back

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

About the Entrepreneur

Name: Chantha Touch
Location: Kampong Cham, Cambodia
Activity: Motorcycle Transport

About the Loan

Loan Amount: $1,000.00
Loan Use: Purchase a motorcycle for her husband.
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 19, 2007
Date Disbursed: Oct 3, 2007
Date Funded:Sep 19, 2007
Loan Ended:May 27, 2008

About the Country

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



Mrs. Chantha Touch, 38, earns $2.50 a day selling vegetables. Her husband is a teacher, who earns $2 a day. She has 5 children; 3 are students and 2 work in the garment factory.

She is applying for this loan so that she can buy a motorcycle for her husband to enable him to become a taxi driver when he is not busy teaching. She intends to use the remainder of the money to renovate her house, which has fallen into disrepair.


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Journal entries for Chantha Touch


Loan has been disbursed
 
Entrepreneur: Chantha Touch
Location: Kampong Cham, Cambodia

Thank you for your loan. It has been disbursed to Chantha Touch 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 Kampong Cham, Cambodia
Oct 4, 2007
Comments (1)

Loan Update
 
Entrepreneur: Chantha Touch
Location: Kampong Cham, Cambodia

Chantha Touch, 38, lives with her husband and five children in Kampong Cham, Cambodia. Chanta sells the vegetables that her husband grows. Chantha requested this loan so she could buy a motorcycle for the family's transportation needs.

I recently visited Chantha to ask about her loan and businesses. Chantha used the money from the loan to buy a motorbike for her husband. She has since taken out another loan from CREDIT, and used it to repair her house and to buy fertilizers for her field. Chantha can earn about $5-10 per day selling her vegetables.

Chantha says that life is a lot better than it was five years ago. She has a new house, and her husband is able to farm much more effectively. Her husband said that he would not have been able to buy a house or improve his business without loans.

In the future, Chantha wants to invest in businesses for her children. Her husband said they want one child to have a grocery store, one to be a tailor, and one to be a hairdresser.

(For those viewing this update in email, this lender's profile can be viewed here: http://partners.kiva.org/app.php?page=businesses&action=about&id=18516, and all loans from CREDIT MFI in Cambodia can be viewed here: http://partners.kiva.org/about/aboutPartner?id=9)"


Posted by Jeff Zira from Kampong Cham, Cambodia
May 22, 2009
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Kiva Help Repayment Schedule for Chantha Touch

  Expected Repayments Actual Repayments Comments
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 $664.00 Repayment Received
August 2008 $55.56 $0.00 Repayment Received
September 2008 $55.56 $0.00 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 $55.56 $0.00 Repayment Received
April 2009 $55.56 $0.00 Repayment Received
May 2009 $55.56 $0.00 Repayment Received
June 2009 $55.48 $0.00 Repayment Received