Port Sithat


Status: Paid Back

$1,600.00   Loan Request
$1,600.00   Paid Back

About the Entrepreneur

Name: Port Sithat
Location: Phnom Penh City, Cambodia
Activity: Health

About the Loan

Loan Amount: $1,600.00
Loan Use: House enlargement and furniture workshop opening
Repayment Term: 18 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 15, 2006
Date Disbursed: May 4, 2006
Date Funded:Apr 20, 2006
Loan Ended:Mar 13, 2007

About the Country

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



This business is located in Au Bekam, Dangkar District, outside of Phnom Penh City




Part Sithaot is a nurse; she acts as a medical assistant for the families in the neighborhood. Most of the time, she is living alone with her four children as her husband is a soldier. She moved from Battambang to Phnom Penh 6 years ago to follow her elder son who was starting with the University.



With the $1600 she requested from CREDIT, Part Sithaot will be able to enlarge her house. She has already bought the material but needs this money to hire people to perform the operations. Sithaot will not have any problem to find her labor force among the unemployed youth of her community. It will cost her around $1.25 per day per worker.



With this loan, Sithaot is also planning to open a furniture workshop. She will rent a place, purchase tools and raw materials and employ permanently at least two skilled workers.



Part Sithaot is confident about repaying her loan. It is the second time I borrow from CREDIT, she said, and so far, I have never been late.

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Journal entries for Port Sithat


Addition to house
 
Entrepreneur: Port Sithat
Location: Phnom Penh City, Cambodia

Port Sithat was not home when we went to visit her for the second time.  Her neighbor told us that she is getting medical training in Vietnam.  We did see that she has added quite a big area to the back of her house.  We took a picture for you.  The darker grey area in the back is the addition. 


Posted by Emmanuel Aris from Phnom Penh City, Cambodia
Aug 3, 2006
Comment on this entry

Loan Paid In Full
 
Entrepreneur: Port Sithat
Location: Phnom Penh City, Cambodia

Port Sithat is a very good business woman and this loan has greatly helped her. With the loan she expanded her home and started a furniture shop with her nephew. The furniture shop is in a province called Ratanakiri which is very far from her home in Phnom Penh. Her nephew manages the shop while she is gone, and she travels back and forth. She purchased wood and got the shop set up with the loan. She said that the furniture business is going very well, and they are very happy with the increased income it has brought the family. They are also very happy that they have been able to expand their home, and it even allows them to store some of the materials for their business within their home until she can make the trip to the shop. In the future Port Sithat would like to be able to send her children to university. She is very happy to have been able to get this loan. She said that before she was able to get loans she used to be poor, but now that she can get loans she has been able to pull her family out of poverty. She said thank you for the loan and for helping her.

Thank you for partnering with CREDIT MFI to help provide Port Sithat and her family with this loan. You have helped to make a difference for this family!

(This picture is of a clock that they sell in their furniture store.)


Posted by Amber Hirschy from Phnom Penh City, Cambodia
Mar 13, 2007
Comments (2)

Kiva Help Repayment Schedule for Port Sithat

  Expected Repayments Actual Repayments Comments
July 2006 $0.00 $89.00  
August 2006 $0.00 $89.00  
September 2006 $0.00 $89.00  
October 2006 $0.00 $178.00  
December 2006 $0.00 $89.00  
January 2007 $0.00 $89.00  
February 2007 $0.00 $89.00  
March 2007 $0.00 $89.00  
April 2007 $0.00 $89.00  
May 2007 $0.00 $710.00