Kouk Kem

Status: Paid Back

$500
Loan Request
Disbursed : Mar 28, 2008
Listed: Mar 13, 2008
Funded: Mar 14, 2008
$500
Paid Back
Ended: Apr 15, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600
Currency:United States Dollars (USD)


About the Loan

Location: Pon-nhea Leu District, Cambodia   Repayment Term: 14 months
(more info)
Activity: Cattle   Repayment Schedule: Monthly
Loan Use: For buying cows for resale   Currency Exchange Loss: N/A
      Default Protection: Covered
Mr. Kouk Kem and his wife, Yun Yot, have been married since 1981. They have no children. The family is about twenty kilometers from Phnom Penh.

Mr. Kouk has been selling cows for two years. He buys cows from other village to resell in his village and in nearby village for growing rice and for food. Before he started this business, he was a farmer. His wife stays at home.



Mr. Kouk is requesting a loan for the third time in the amount of $500 to buys more cows to resell.



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Journal entries for Kouk Kem


Loan has been disbursed
 
Entrepreneur: Kouk Kem
Location: Pon-nhea Leu District, Cambodia

Thank you for your loan. It has been disbursed to Kouk Kem by MAXIMA Mikroheranhvatho Co., Ltd. in Cambodia. We are excited to watch this business grow. Over the next 12 months, MAXIMA Mikroheranhvatho Co., Ltd. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Pon-nhea Leu District, Cambodia
Mar 29, 2008
Comments (1)

Kouk Kem
 
Entrepreneur: Kouk Kem
Location: Pon-nhea Leu District, Cambodia

Mr. Kem Kouk has been selling cows and oxen for two year. In March, 2008 he requested a loan of $500 to buy more cow to sell.

Before he was funded from loan, Kouk didn’t have enough money to buy cows or oxen to meet the market demand and in a month he generated about $500 to $800 revenues from selling cows or oxen and the net profit were 15% to 20% of the revenues. But, now Kouch makes revenues from $800 to $1,000 a month. So, he is able to increase the income as well.

Kouk uses the income to support the household expenditures and he could save one part to reinvest in the business.


Posted by Sive Chheng Sreng from Pon-nhea Leu District, Cambodia
Sep 5, 2008
Comment on this entry

Update on Kouk Kem
 
Entrepreneur: Kouk Kem
Location: Pon-nhea Leu District, Cambodia

Mr. Kouk paid off his loan recently. He is very thankful with the loan that make his living standard getting better from day to day. He wishes all lenders with all the best and good luck.


Posted by Sive Chheng Sreng from Pon-nhea Leu District, Cambodia
Dec 12, 2008
Comment on this entry

Kiva Help Repayment Schedule for Kouk Kem

  Expected Repayments Actual Repayments Comments
June 2008 $41.67 $42.00 Repayment Received
July 2008 $41.67 $42.00 Repayment Received
August 2008 $41.67 $42.00 Repayment Received
September 2008 $41.67 $42.00 Repayment Received
October 2008 $41.67 $42.00 Repayment Received
November 2008 $41.67 $42.00 Repayment Received
December 2008 $41.67 $40.00 Repayment Received
January 2009 $41.67 $41.36 Repayment Received
February 2009 $41.67 $41.67 Repayment Received
March 2009 $41.67 $41.67 Repayment Received
April 2009 $41.67 $41.67 Repayment Received
May 2009 $41.63 $41.63 Repayment Received