Proeung Neang


Status: Paid Back

$1,100.00   Loan Request
$1,100.00   Paid Back

About the Entrepreneur

Name: Proeung Neang
Location: Kampong Cham Province, Cambodia
Activity: Food Market

About the Loan

Loan Amount: $1,100.00
Loan Use: To expand her inventory of seafood to sell as well as to purchase a motorcycle to transport her products
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Nov 28, 2007
Date Disbursed: Dec 14, 2007
Date Funded:Nov 30, 2007
Loan Ended:Jan 15, 2009

About the Country

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



Mrs. Proeung Neang, 52, is a market-vendor selling scallop and octopus, earning around $7.3/day in revenue. She is married and has six children. Her husband helps her sell at the market every morning and one of her children is self-employed as a motor-taxi driver, earning $2.40/day in revenue; a number of her other children are married and some are unemployed. Mrs. Proeung Neang hopes to use this loan to expand her inventory and the remainder of the loan is to buy a motorcycle to assist in the transportation of her products.

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Lenders to this entrepreneur

Josh
Washington, DC
United States

Patrick
Redwood City, CA
United States

Jonathan
Vancouver, BC
Canada

Thor & Tami
Peachtree City, GA
United States

Tim
Washougal, WA
United States

Arthur
Cambridge, MA
United States

Warren
Urbana, IL
United States

Rick
Monroe, OH
United States

Renato
Haarlem,
Netherlands

The Modde Family
Chester, NJ
United States

Dave
Kalamazoo, MI
United States

Erin
Salamanca,
Spain

Janna
Tigard, OR
United States

Tristan
San Francisco, CA
United States

Sandi
cherry hill, NJ
United States

William
Antioch, IL
United States

kita
Houston, TX
United States

william
Bay Head, NJ
United States

Karen
Woodland, CA
United States

Sue
Boise, ID
United States

Cynthia
Armadale, Victoria
Australia

George
Sacramento, CA
United States

Karen
Ouray, CO
United States

Claudine
portland, OR
United States

SV-Eberhard
Trier,
Germany

Ling
Berkeley, CA
United States

timothy
Brighton, East Sussex
United Kingdom

Laurent D
Brussels,
Belgium

Trond & Bente
Finstadjordet,
Norway

Chai
Bangkok,
Thailand



Journal entries for Proeung Neang


Loan has been disbursed
 
Entrepreneur: Proeung Neang
Location: Kampong Cham Province, Cambodia

Thank you for your loan. It has been disbursed to Proeung Neang by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 12 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 Province, Cambodia
Dec 14, 2007
Comment on this entry

Loan Update
 
Entrepreneur: Proeung Neang
Location: Kampong Cham Province, Cambodia

Proeung Neang, 52, lives with her husband and six children in Kampong Cham, Cambodia. Proeung sells scallops and octopus, and her husband farms. Proeung requested this loan so she could expand her inventory and buy a motorcycle.

A CREDIT MFI loan officer recently visited Proeung to check on her progress. After receiving her loan, Proeung bought more oysters to sell, and paid for a better stand in the market. She said that her business has grown as a result, and she makes more money that she did before. She spent part of the loan on her husband's farm, and his output has increased as well.

In the future, Proeung and her husband want to expand the farm by planting fruit trees. They said they will take out another loan to do so.

When asked, Proeung said she was thankful to CREDIT for its good service, and to Kiva lenders for supporting her loan.

(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=25777, 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 Province, Cambodia
Jun 9, 2009
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Kiva Help Repayment Schedule for Proeung Neang

  Expected Repayments Actual Repayments Comments
March 2008 $91.67 $92.00 Repayment Received
April 2008 $91.67 $92.00 Repayment Received
May 2008 $91.67 $92.00 Repayment Received
June 2008 $91.67 $92.00 Repayment Received
July 2008 $91.67 $92.00 Repayment Received
August 2008 $91.67 $92.00 Repayment Received
September 2008 $91.67 $92.00 Repayment Received
October 2008 $91.67 $92.00 Repayment Received
November 2008 $91.67 $92.00 Repayment Received
December 2008 $91.67 $92.00 Repayment Received
January 2009 $91.67 $88.37 Repayment Received
February 2009 $91.63 $91.63 Repayment Received