Pon Chhum


Status: Paid Back

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

About the Entrepreneur

Name: Pon Chhum
Location: Kean Svay District, Cambodia
Activity: Farming

About the Loan

Loan Amount: $1,000.00
Loan Use: Purchase water pump and jasmine flowers
Repayment Term: 22 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Dec 25, 2007
Date Disbursed: Jan 8, 2008
Date Funded:Dec 25, 2007
Loan Ended:May 22, 2008

About the Country

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



Mr. Chhum Pon, 46, and his wife, Nhem Phanny, have been married since 1983. They have five children, ages 8 to 25. Now, only the youngest daughter still lives at home and attends the local primary school. The rest are grown and married. Pon opened his business for repairing motos and bicycles two years ago. He later added a new service for moto spray-washing to increase profits. Phanny works tending her jasmine plants and also buys flowers from her neighbors to resell at the larger district market. She helped her family grow jasmine even as a girl, and has had her additional business of reselling for two years now. Prior to this, they were both vegetable farmers and rented their farm land from a neighbor. When he sold the land, Pon and Phanny were forced to find new work to support their family.



Pon is requesting his first loan from MAXIMA in the amount of $1,000. He will use this loan to purchase a water pump to more easily fill his tanks used for spray-washing from the river 200 meters behind their home. A portion of the loan will also be used to purchase parts for bicycle and moto repair. Additionally, Phanny will use this loan to purchase a 1-season contract for jasmine flowers. This contract will entitle her to care for her neighbors' jasmine plants and pick an unlimited amount of flowers to sell, giving the family a stable income for many months to come.



(Photo: Pon in front of water tanks)



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Lenders to this entrepreneur

Jonathan and Ruth
Ottawa, Ontario
Canada

Anonymous
North Potomac, MD
United States

Nancy
Woodhull, IL
United States

Mike
Glenview, IL
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Kara
Oakland, CA
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Rita
Mullica Hill, NJ
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Matt
Fort Collins, CO
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marian
trumansburg, NY
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tobin
Orinda, CA
United States

Kevin
Dublin,
Ireland

Woodsdweller
Dayton, ME
United States

Brenna & Ivy
Minneapolis, MN
United States

mike
alexandria, VA
United States

Walter
Princeton, NJ
United States

Stephen
Fort lee, NJ
United States

Anonymous

Meg

Egon
Copenhagen,

Una
Atlanta, GA
United States

GDP upgrade
Coquitlam, British Columbia
Canada

Brooklyn
Tulsa, OK
United States

Maggie and David
Tiburon, CA
United States

John
Vancouver, BC
Canada

Michael
Morton, IL
United States

Glenn
North Vancouver, British Columbia
Canada

Kritiya
Cambridge, MA
United States

Shane
Provo, UT
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Arthur
Miami, FL
United States

Fiona
Croton on Hudson, NY
United States

monte
lincoln, NE
United States



Journal entries for Pon Chhum


Loan has been disbursed
 
Entrepreneur: Pon Chhum
Location: Kean Svay District, Cambodia

Thank you for your loan. It has been disbursed to Pon Chhum by MAXIMA Mikroheranhvatho Co., Ltd. in Cambodia. We are excited to watch this business grow. Over the next 20 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
Jan 8, 2008
Comments (1)

Update on Pon Chhum
 
Entrepreneur: Pon Chhum
Location: Kean Svay District, Cambodia

Mr. Pon, 46, and his wife, Nhem Phanny, have been married since 1983 and they make their living by selling jasmine. When he sold the land Pon wanted to start up a new job to support the family. So, in December, 2007 he decided to borrow a loan amount of $1,000 to purchase a water pump, part for bicycle and motor repair, and purchase a 1-season contract for jasmine.

Unfortunately, Pon has serious tuberculosis so that why he cannot do the business anymore. Pon has to take the medicine every day and he has to spend over $10 a month on medicine from state hospital.

Thus, there is only Phanny who earn the money from selling jasmine to support the family. Luckily, they had some money left to pay off. Mrs. Phanny hopes that her husband will be better soon, and able to start the business again.


Posted by Sive Chheng Sreng from Kean Svay District, Cambodia
May 22, 2008
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Kiva Help Repayment Schedule for Pon Chhum

  Expected Repayments Actual Repayments Comments
April 2008 $50.00 $50.00 Repayment Received
May 2008 $50.00 $50.00 Repayment Received
June 2008 $50.00 $50.00 Repayment Received
July 2008 $50.00 $850.00 Repayment Received
August 2008 $50.00 $0.00 Repayment Received
September 2008 $50.00 $0.00 Repayment Received
October 2008 $50.00 $0.00 Repayment Received
November 2008 $50.00 $0.00 Repayment Received
December 2008 $50.00 $0.00 Repayment Received
January 2009 $50.00 $0.00 Repayment Received
February 2009 $50.00 $0.00 Repayment Received
March 2009 $50.00 $0.00 Repayment Received
April 2009 $50.00 $0.00 Repayment Received
May 2009 $50.00 $0.00 Repayment Received
June 2009 $50.00 $0.00 Repayment Received
July 2009 $50.00 $0.00 Repayment Received
August 2009 $50.00 $0.00 Repayment Received
September 2009 $50.00 $0.00 Repayment Received
October 2009 $50.00 $0.00 Repayment Received
November 2009 $50.00 $0.00 Repayment Received