Hak Sophan


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: Hak Sophan
Location: Phnom Penh City, Cambodia
Activity: Catering

About the Loan

Loan Amount: $700.00
Loan Use: House Repairing
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 15, 2006
Date Disbursed: May 3, 2006
Date Funded:Apr 19, 2006
Loan Ended:Dec 14, 2006

About the Country

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



This business is situated in
Sambour Village, Dangkar Commune, Dangkar District, just outside of Phnom Penh




Hak Sophan is living and working with her husband and 4 children in the suburbs of Phnom Penh city. Her business is to cook and sell food to the workers around the the nearby factories. Each member of the family is involved in this activity: Hak Sophan gets up at 1am and goes to the fish and seafood market, and then comes back home and start cooking rice, shrimp, fish, soups, dry and fried vegetables. Her husband brings their children to the factories on their motorbike for 9am, which is the morning break for sewing factory worker and they start selling. At home, Hak Sophan is still cooking to provide fresh food to the worker for their afternoon break at 3:30pm.



This loan of $700 will allow Sophan and her family to improve their living condition by repairing their house. They will buy materials and perform the reparation by themselves, in addition to their casual workload. Sometimes does Hak Sophan feel very tired, I want to start another business, she said, but she does not know what she should do.



This is the first time Hak Sophan takes a loan with CREDIT but her neighbors are old clients and introduce her to CREDIT staff.

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Top Lending Teams for this entrepreneur


Kiva Team Japan
Common Interest
41 Members

Journal entries for Hak Sophan


Hak Sophan repaired her house
 
Entrepreneur: Hak Sophan
Location: Phnom Penh City, Cambodia

Hak Sophan received her CREDIT loan a few days ago and she has already performed the reparation she planned for her house. From the $700 she received, she spent $500 to purchase materials and hire two skilled workers for one week. With the help of the entire family, they changed the house's roof and strengthened the wooden walls. Sophan is very proud of her new good looking house.

Sophan used the rest of the money as working capital and provision for unexpected losses. Before joining CREDIT Sophan used to borrow from moneylenders for her working capital, which lowered her income. Since she borrowed from CREDIT, her income has increased of 50%.

 


Posted by Emmanuel Aris from Phnom Penh City, Cambodia
Apr 24, 2006
Comments (39)

Hak Sophan
 
Entrepreneur: Hak Sophan
Location: Phnom Penh City, Cambodia

Hak Sophan and her husband were hard at work when we stopped by to check in with her today.  They were both selling lunches at local factories.  We stopped to talk with her son who was cooking in the new kitchen.  The stir fried fish smelled delicious.  Here is a picture of Hak Sophan’s son cooking in the new kitchen.


Posted by Karen McKeown from Phnom Penh City, Cambodia
Aug 1, 2006
Comments (2)

Kiva Help Repayment Schedule for Hak Sophan

  Expected Repayments Actual Repayments Comments
July 2006 $0.00 $140.00  
September 2006 $0.00 $70.00  
October 2006 $0.00 $140.00  
December 2006 $0.00 $70.00  
January 2007 $0.00 $70.00  
February 2007 $0.00 $210.00