Much Sochea


Status: Paid Back

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

About the Entrepreneur

Name: Much Sochea
Location: Prey Veng Province, Cambodia
Activity: General Store

About the Loan

Loan Amount: $1,000.00
Loan Use: Much would like to purchase rice and animal feed to increase her inventory.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 5, 2007
Date Disbursed: Oct 19, 2007
Date Funded:Oct 5, 2007
Loan Ended:Aug 20, 2008

About the Country

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



Mrs. Much Sochea, age 28, sells grocery products at a local market to earn $7 per day. Her husband, age 32, is an electrician who earns $7 per day. They have two children, one of whom is a student. She would like to borrow $1000 to purchase rice and animal feed to increase the variety of products in her inventory and increase profits.

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Journal entries for Much Sochea


Loan has been disbursed
 
Entrepreneur: Much Sochea
Location: Prey Veng Province, Cambodia

Thank you for your loan. It has been disbursed to Much Sochea by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 10 - 16 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 20, 2007
Comments (2)

Journal Update
 
Entrepreneur: Much Sochea
Location: Prey Veng Province, Cambodia

Much Sochea took out a loan of US$1000 to increase her grocery inventory and expand her grocery store business. She has been pleased with the results of her investments and can see her business growing. She has been able to purchase a variety of goods for her business as she planned and now makes US$12 each day. With her increased profits, she has been able to purchase gas and food for her family and also continue to expand her store. She has been very pleased with the level of support that she is can provide now.

Much Sochea first heard about CREDIT through a promotion in her village and has been very pleased with the quality financial services and friendly staff. 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 its results so far.

Thank you so much for your generosity and kindness toward Much Sochea 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
Comments (1)

Kiva Help Repayment Schedule for Much Sochea

  Expected Repayments Actual Repayments Comments
January 2008 $100.00 $100.00 Repayment Received
February 2008 $100.00 $100.00 Repayment Received
March 2008 $100.00 $100.00 Repayment Received
April 2008 $100.00 $100.00 Repayment Received
May 2008 $100.00 $100.00 Repayment Received
June 2008 $100.00 $100.00 Repayment Received
July 2008 $100.00 $100.00 Repayment Received
August 2008 $100.00 $100.00 Repayment Received
September 2008 $100.00 $100.00 Repayment Received
October 2008 $100.00 $100.00 Repayment Received