Seng Sarem

Status: Paying Back

$1,000.00		Loan Amount

94% repaid

About the Entrepreneur

Name:	Seng Sarem
Location:	Prey Veng Province, Cambodia
Activity:	Food Market

About the Loan

Loan Amount:	$1,000.00
Loan Use:	To buy dried fish and eggs.
Repayment Term:	20 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	May 2, 2008
Date Disbursed:	May 17, 2008
Date Funded:	May 3, 2008

About the Field Partner

Field Partner:

CREDIT, a partner of World Relief

Field Partner Risk Rating:

(Learn more)

Active

42 months

4817

$3,621,900

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

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

Seng Sarem is 40 years of age. She is something of a middleman between vegetable farmers and the market vendors that sell off the crops. She purchases the vegetables in bulk from the best farmers to sell to whichever vendors offer the highest price for her high quality goods. This has the capability of being a lucrative business.

She currently earns about 38 US$ per month. Her husband shares her business and brings in another 38 US$ per month on his part. On this income, they support a family of four including their young child and her younger sister.

Seng Sarem wants to expand her business by adding both eggs and dried fish to the list of food items she can resell to the markets. These items are more expensive, but with her extensive experience dealing with market resale she should be able turn a large profit through this expansion.

Lenders to this entrepreneur

Kathleen
Seattle, WA
United States

Robert
Glen Ellyn, IL
United States

Cathy
Orlando, FL
United States

Alex
Cupertino, CA
United States

Emily
Austin, TX
United States

Sstoz
San Jose, CA
United States

james
garden city, KS
United States

Leigh
Stone Mountain, GA
United States

Rosie
Astoria, NY
United States

Clive
Hong Kong,
Hong Kong

Colby
Ban Phe, Rayong
Thailand

Mark
Orinda, California
United States

Robert
Chino Hills, CA
United States

Anne
Swanson, Auckland
New Zealand

Kenneth and Annette
Paso Robles, CA
United States

karl
Hanover, MA
United States

Dana
Traverse City, MI
United States

laura
sausalito, CA
United States

Zane
Albuquerque, NM
United States

Jessica
Minot AFB, ND
United States

Journal entries for Seng Sarem

Loan has been disbursed Entrepreneur: Seng Sarem Location: Prey Veng Province, Cambodia Thank you for your loan. It has been disbursed to Seng Sarem by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Prey Veng Province, Cambodia May 17, 2008
Comment on this entry

Loan Update Entrepreneur: Seng Sarem Location: Prey Veng Province, Cambodia Seng Sarem, 40, lives in Srey Veng, Cambodia with her two daughters and her husband. She and her husband work as resellers who buy produce from farmers and sell it to stall owners in the market. Together, they make a combined $76 a month, or a little more than $2 a day. Seng requested a loan to buy more produce to resell. A CREDIT MFI loan officer recently visited to check on her progress. After receiving her loan, Seng purchased dried fish and eggs, which she resold to market vendors. As a result, her income has increased substantially, and she says that her standard of living is also better. She hopes her family's condition can improve even more in the future. When asked, Seng said she recommended CREDIT to her neighbors for its good service. Seng thanked Kiva lenders for supporting her loan.
Posted by Jeff Zira from Prey Veng Province, Cambodia Feb 25, 2009
Comment on this entry

Repayment Schedule for Seng Sarem

Show Advanced

	Expected Repayments	Actual Repayments	Comments
August 2008	$55.56	$56.00	Repayment Received
September 2008	$55.56	$56.00	Repayment Received
October 2008	$55.56	$56.00	Repayment Received
November 2008	$55.56	$56.00	Repayment Received
December 2008	$55.56	$56.00	Repayment Received
January 2009	$55.56	$53.36	Repayment Received
February 2009	$55.56	$55.56	Repayment Received
March 2009	$55.56	$55.56	Repayment Received
April 2009	$55.56	$55.56	Repayment Received
May 2009	$55.56	$55.56	Repayment Received
June 2009	$55.56	$55.56	Repayment Received
July 2009	$55.56	$55.56	Repayment Received
August 2009	$55.56	$55.56	Repayment Received
September 2009	$55.56	$55.56	Repayment Received
October 2009	$55.56	$55.56	Repayment Received
November 2009	$55.56	$55.56	Repayment Received
December 2009	$55.56	$55.56	Repayment Received
January 2010	$55.48	Available Jan 1