Sovann Cheab


Status: Paid Back

$800.00   Loan Request
$800.00   Paid Back

About the Entrepreneur

Name: Sovann Cheab
Location: Kampong Cham, Cambodia
Activity: Motorcycle Transport

About the Loan

Loan Amount: $800.00
Loan Use: Purchase a motorcycle and a cart with which to operate a business
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 18, 2007
Date Disbursed: Oct 2, 2007
Date Funded:Sep 18, 2007
Loan Ended:May 15, 2009

About the Country

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



Mrs. Cheab Sovann is 35 years old and lives with her husband and 4 children in the Kampong Cham district of Cambodia. Cheab Sovann stays at home to take care of her children.

Her husband currently earns $2 a day as a construction worker. He would like to purchase a motorcycle and a cart so that he may become a tuk-tuk driver. Cheab Sovann anticipates that he could earn an extra $3 a day to support the family.


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Journal entries for Sovann Cheab


Loan has been disbursed
 
Entrepreneur: Sovann Cheab
Location: Kampong Cham, Cambodia

Thank you for your loan. It has been disbursed to Sovann Cheab 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 3, 2007
Comments (1)

Journal Update.
 
Entrepreneur: Sovann Cheab
Location: Kampong Cham, Cambodia

Cheab Sovann is married and resides with her husband and four of her children in the Kampong Cham province, Cambodia. Two of her children are students and two others are too young to attend the school. Currently, Cheab is growing rice to earn a living, while her husband is a motor-taxi driver. Cheab Sovann took out a loan of $800 to purchase a motorbike and a cart for her husband to operate a motor-taxi. She has been very pleased with the results of her investment and can see her husband’s business growing forward. The motor-taxi can generally makes $2.5 of profit a day. With this daily profit, Cheab is able to purchase cow to help with her in farming. She continues that her farming is just to support the family members. Everyday, she gives $0.10 each child to go to school. She has no problems paying a loan back to Credit.

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 25, 2008
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Kiva Help Repayment Schedule for Sovann Cheab

  Expected Repayments Actual Repayments Comments
January 2008 $44.44 $45.00 Repayment Received
February 2008 $44.44 $45.00 Repayment Received
March 2008 $44.44 $45.00 Repayment Received
April 2008 $44.44 $45.00 Repayment Received
May 2008 $44.44 $45.00 Repayment Received
June 2008 $44.44 $45.00 Repayment Received
July 2008 $44.44 $45.00 Repayment Received
August 2008 $44.44 $45.00 Repayment Received
September 2008 $44.44 $45.00 Repayment Received
October 2008 $44.44 $45.00 Repayment Received
November 2008 $44.44 $45.00 Repayment Received
December 2008 $44.44 $45.00 Repayment Received
January 2009 $44.44 $37.72 Repayment Received
February 2009 $44.44 $44.44 Repayment Received
March 2009 $44.44 $44.44 Repayment Received
April 2009 $44.44 $44.44 Repayment Received
May 2009 $44.44 $44.44 Repayment Received
June 2009 $44.52 $44.52 Repayment Received