Mak Sok


Status: Paid Back

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

About the Entrepreneur

Name: Mak Sok
Location: Phnom Penh City, Cambodia
Activity: Tailoring

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase one more sewing machine so that one of her daughters can help her when she is available from her work.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Feb 8, 2008
Date Disbursed: Feb 23, 2008
Date Funded:Feb 9, 2008
Loan Ended:Mar 16, 2009

About the Country

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



Mrs. Mat Sok, 60, is a mother of four children and lives with her husband in a part of Phnom Penh, Cambodia. She runs a tailoring business at home making on average around $4 each day in revenue. Her husband is employed as a village chef making around $5 per day. Two of her children are employed as security guards and the other two are employed by a garment factory.

Mrs. Mat Sok would like to request for a loan amount of $1200 to purchase one more sewing machine so that one of her daughters can help her when she is available from her work. This will raise her income generation.

(One of her daugthers is pictured because Mrs. Mat Sok is not available)


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Journal entries for Mak Sok


Loan has been disbursed
 
Entrepreneur: Mak Sok
Location: Phnom Penh City, Cambodia

Thank you for your loan. It has been disbursed to Mak Sok 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 Phnom Penh City, Cambodia
Feb 24, 2008
Comments (1)

Loan Update
 
Entrepreneur: Mak Sok
Location: Phnom Penh City, Cambodia

Mak Sok, 60, lives with her husband and four children in Phnom Penh, Cambodia. Mak is a tailor, and her husband is a chef. They make $4 and $5 per day, respectively. Mak took out a loan to purchase a sewing machine and fabrics.

A CREDIT MFI loan officer recently visited Mak to check on her progress. After receiving her loan, Mak purchased two motorbikes and a sewing machine for her children. They use the motorbikes to get to work, and the sewing machine to help their mother at home. She also purchased fabrics so she can make more clothes.

Mak said her standard of living has improved since she began borrowing from CREDIT; she has been able to add another floor to her home and build more rooms. She faces some difficulties, such as the rising price of food.

In the future, Mak would like a house close to the road so she can sell food to people walking by.

When asked, Mak 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=34291, 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 Phnom Penh City, Cambodia
Apr 24, 2009
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Kiva Help Repayment Schedule for Mak Sok

  Expected Repayments Actual Repayments Comments
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 $100.00 Repayment Received
October 2008 $100.00 $100.00 Repayment Received
November 2008 $100.00 $100.00 Repayment Received
December 2008 $100.00 $100.00 Repayment Received
January 2009 $100.00 $100.00 Repayment Received
February 2009 $100.00 $100.00 Repayment Received
March 2009 $100.00 $100.00 Repayment Received
April 2009 $100.00 $100.00 Repayment Received