Phuong Sophat


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Phuong Sophat
Location: Prey Veng Province, Cambodia
Activity: Pigs

About the Loan

Loan Amount: $500.00
Loan Use: Purchase of piglets to raise for profit
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 26, 2007
Date Disbursed: Oct 10, 2007
Date Funded:Sep 26, 2007
Loan Ended:Oct 16, 2008

About the Country

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



Mrs. Phuong Sophat, 54, is a mother of five children and lives with her husband (pictured in the photograph) in Preyveng province, Cambodia. She and her husband work on their rice paddy, growing rice and vegetables. They earn around US$5 a day from selling their produce at a market. One of their children runs a small grocery store and another one attends school. With the help of a loan of US$500, Mrs. Phuong Sophat and her husband hope to make additional income by raising piglets which they expect to sell for profit in about four to five months after purchase.

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Lenders to this entrepreneur

Evelyn
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Mary
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Dawn
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Leah
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Chona
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Karen
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Marie France
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Edge High School
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Tom
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M&M
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Henry W
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Anonymous
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Kristina
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Gunnar R
Reykjavik, Iceland
Iceland

Yen
Seattle, WA
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Alecia & Roger
Melbourne, Victoria
Australia

Leah
Chicago, IL
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Journal entries for Phuong Sophat


Loan has been disbursed
 
Entrepreneur: Phuong Sophat
Location: Prey Veng Province, Cambodia

Thank you for your loan. It has been disbursed to Phuong Sophat 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 Prey Veng Province, Cambodia
Oct 11, 2007
Comment on this entry

Journal Update
 
Entrepreneur: Phuong Sophat
Location: Prey Veng Province, Cambodia

Phuong Sophat took out a loan of US$500 to purchase pigs to raise and diversify her family's sources of income. She has been pleased with the results of her investments so far and can see her small pig business continuing to grow. She has been able to purchase pigs for her business as she planned and has also been able to invest in some groceries for her child's store. Now, Phuong Sophat typically makes US$12 each day and is very pleased with her increased income. With her increased profits, she has been able to purchase more pig feed and also invest in the grocery store.

Phuong Sophat first heard about CREDIT through a promotion event in her village and has been very pleased with the quality financial services and friendly staff that CREDIT offers. She had never taken out a loan before, but has been very pleased with the assistance and low interest rate 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. She looks forward to the opportunities provided by this loan and has been very pleased with the results so far.

Thank you so much for your generosity and kindness toward Phuong Sophat 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 Prey Veng Province, Cambodia
Jul 21, 2008
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Kiva Help Repayment Schedule for Phuong Sophat

  Expected Repayments Actual Repayments Comments
January 2008 $41.67 $42.00 Repayment Received
February 2008 $41.67 $42.00 Repayment Received
March 2008 $41.67 $42.00 Repayment Received
April 2008 $41.67 $42.00 Repayment Received
May 2008 $41.67 $42.00 Repayment Received
June 2008 $41.67 $42.00 Repayment Received
July 2008 $41.67 $42.00 Repayment Received
August 2008 $41.67 $42.00 Repayment Received
September 2008 $41.67 $42.00 Repayment Received
October 2008 $41.67 $42.00 Repayment Received
November 2008 $41.67 $42.00 Repayment Received
December 2008 $41.63 $38.00 Repayment Received