Sorn Chan


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

Name: Sorn Chan
Location: Kean Svay District, Cambodia
Activity: Farming

About the Loan

Loan Amount: $1,200.00
Loan Use: to purchase ertilizer, pesticide and covering net.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 8, 2007
Date Disbursed: Nov 23, 2007
Date Funded:Nov 9, 2007
Loan Ended:Jul 1, 2008

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:3,998.9000 KHR = 1 USD



Mrs. Sorn Chan was married in 1979 and now has 9 children, 4 sons and 5 daughters. Since she was married she has run her own business, planting and selling vegetables. Her husband is a construction contractor. When he is free from the construction work he also assists his wife in planting vegetables. With these businesses they can earn enough money to send their children to attend school. Six of their children are living under their custody and are studying at school. The remaining three children were married and moved to live in different houses.

She has borrowed money from MAXIMA twice before. Now she is asking a loan of $1,200. She will use this loan to purchase fertilizer, pesticide and a covering net.

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Ton and Sarah
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Ian Kelly
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Anonymous
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Michel
Vancouver, British Columbia
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Jeffrey
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Jennifer
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Emma
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Richard
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Robert
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Jeffrey
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Anthony
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Tony
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Anne Marie
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Michelle
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Vorderbrug Family
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A&U
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CT
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Lisa
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pj
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Journal entries for Sorn Chan


Loan has been disbursed
 
Entrepreneur: Sorn Chan
Location: Kean Svay District, Cambodia

Thank you for your loan. It has been disbursed to Sorn Chan by MAXIMA Mikroheranhvatho Co., Ltd. in Cambodia. We are excited to watch this business grow. Over the next 12 - 18 months, MAXIMA Mikroheranhvatho Co., Ltd. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kean Svay District, Cambodia
Nov 23, 2007
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Update on Sorn Chan
 
Entrepreneur: Sorn Chan
Location: Kean Svay District, Cambodia

Mrs. Sorn has run her own business, planting and selling vegetable since she was married. In November, 2007 she requested a loan of $1,200 to purchase fertilizer, pesticide and a covering net.

The productivity of vegetable was much higher than last year because she has enough fertilizer and pesticide as well as covering net to protect the vegetable from strong sunlight and heavy rain.

The price of vegetable is increased this year; so she is able to get high profit margin which she used to pay back the principal and interest, support the family especially children who are remaining at school as well as save for the future and emergency uses.

The family’s standard of living, on the other hand, is considered to be increase quicker than before she was funded from loan. At the end, Sorn decided to pay off the loan before schedule because she had enough money from the business. Sorn will ask for the loan again next time.


Posted by Sive Chheng Sreng from Kean Svay District, Cambodia
Jul 1, 2008
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Kiva Help Repayment Schedule for Sorn Chan

  Expected Repayments Actual Repayments Comments
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 $500.00 Repayment Received
October 2008 $100.00 $0.00 Repayment Received
November 2008 $100.00 $0.00 Repayment Received
December 2008 $100.00 $0.00 Repayment Received
January 2009 $100.00 $0.00 Repayment Received