Pen Navy


Status: Paid Back

$1,000.00   Loan Request
$1,000.00   Paid Back

About the Entrepreneur

Name: Pen Navy
Location: Pursat, Cambodia
Activity: Tailoring

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase a motorbike and more cloth
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: May 10, 2008
Date Disbursed: May 24, 2008
Date Funded:May 10, 2008
Loan Ended:Jun 15, 2009

About the Country

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



Pen Navy is 28 years old and earns around $5 per day as a tailor at the market. She lives with her mother in Dang Rung Village, Pursat Province, Cambodia. Her mother makes about $3 per day selling groceries.

She plans to expand her business and she is finding it hard to get to her business place from her house. Sometimes, she has to pay for a motor-taxi. Navy is seeking a loan to purchase a motorbike to use for her family. With the remainder of the loan, she will buy more cloth to sew and then sell. This loan will help her to expand her business and to improve her family’s income.



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Lenders to this entrepreneur

Clive
Hong Kong,
Hong Kong

B. Right
Narvik, KivaFriends.org
Norway

Christopher
Dalston, London
United Kingdom

Lars
Uppsala, SE
Sweden

Gastounet
Wecker,
Luxembourg

Rebecca
lexington, MA
United States

ROCKY
south ozone park, NY
United States

Anonymous
Milwaukee, WI
United States

trudy
davisburg, MI
United States

Carol
Chalfont, PA
United States

Gail
Melrose Park, PA
United States

marianne
Sonora, CA
United States

Anonymous
Charlottesville, VA
United States

Anonymous
Valencia, CA
United States

Marilyn
emmaus, PA
United States

Elizabeth
Indianapolis, IN
United States

Nancy
Huntington Beach, CA
United States

Leo and Rebeca Ferreira
Virginia Beach, VA
United States

Marcia
Jamaica Plain, MA
United States

Masahiro
Yosano, Kyoto
Japan

mark
boca raton, FL
United States

Elizabeth
Chicago, IL
United States

Michael
Astoria, NY
United States

Beverly
SCOTTSDALE, AZ
United States

Colin and Filu
Sidney, BC
Canada

Gene
Somerville, MA
United States

Sanchita
Brookline, MA
United States

Greta Galeazzi
GALEAZZI GRETA, EUROPEAN CITIZEN
Italy

Diane
San Rafael, CA
United States



Journal entries for Pen Navy


Loan has been disbursed
 
Entrepreneur: Pen Navy
Location: Pursat, Cambodia

Thank you for your loan. It has been disbursed to Pen Navy by Hattha Kaksekar Limited (HKL) in Cambodia. We are excited to watch this business grow. Over the next 12 months, Hattha Kaksekar Limited (HKL) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Phal Sovannarith from Pursat, Cambodia
May 11, 2008
Comments (3)

Kiva Field Update - Message from Kiva Fellow in Cambodia
 
Entrepreneur: Pen Navy
Location: Pursat, Cambodia

Thank you for supporting a Kiva entrepreneur in Cambodia. My name is Drew Loizeaux, and I have been serving as a Kiva Fellow with one of Kiva’s partners in Cambodia, Hattha Kaksekar Limited (HKL), for the last three months. Working alongside the fantastic staff here, and meeting many of the clients that your loans have funded, has been a tremendously inspiring experience. Without you, the Kiva lenders, none of this would be possible.

Working at HKL with everyone from management to field staff, I have seen first hand the dedication to fostering these relationships. HKL staff serve their clients with an amazing amount of respect and understanding that, in turn, creates a great level of trust between both parties. The Kiva model flourishes with this trust, because many important details of the lives and businesses of the entrepreneurs that would otherwise be missed are passed on to the lenders.

Before I became a Kiva Fellow, my favorite part of the lending process was receiving updates on the Kiva entrepreneurs who I had lent to. It was like a small window into their lives, and it made me feel like I was able to make the world better in some small but tangible way. As a Kiva Fellow, visiting with clients and finding out about the borrowers’ progress is still my favorite part of working with Kiva.

Many of you have received updates on HKL loans, but I know many others have not. We have been working extremely hard to get as many journals as possible written, but with current staffing and the number of HKL loans on Kiva, we have been focusing on the loans that are ending soon. In the next year, we anticipate that you will receive individual updates on a large majority of your loans. In the meantime, I would like to share the videos and journals for three of my favorite meetings with Kiva Entrepreneurs during my time here. I hope you enjoy them!

Soch Han and her family make bricks from the earth on their property. When I went to visit with them, they were removing the bricks from the oven. This activity made a very interesting video, which you can watch here: http://www.youtube.com/watch?v=ofLQtOnADko&_te=mj. Read the entire journal of our visit on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=46326&_te=mj

Rom Chhoeuy sells fish and traditional fish paste at a local market. When I visited with her, I asked her what her hopes and dreams are for the future. When her kids realized that they were being videotaped, they were very excited about it and spent the whole time waving at me. You can see the video here: http://www.youtube.com/watch?v=kN-DBP1CLls&_te=mj. Read the whole journal on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=53965&_te=mj

Khean Tol has many business endeavors, including farming, raising pigs, making baskets, and making rice wine. When I went to visit her, she was in the middle of making a set of baskets and was kind enough so show me how she makes them. You can watch video of this here: http://www.youtube.com/watch?v=qNDJQrkc7UA&_te=mj. Read the whole journal on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=47715&_te=mj.

On behalf of Kiva and everyone here at HKL, thanks again for your loan and continued support of entrepreneurs in Cambodia.

Sincerely,

Drew Loizeaux,

Kiva Fellow with HKL

Phnom Penh, Cambodia


Posted by JD Bergeron, Kiva Staff, from San Francisco, United States
Jun 11, 2009
Comments (26)

Kiva Help Repayment Schedule for Pen Navy

  Expected Repayments Actual Repayments Comments
August 2008 $83.33 $84.00 Repayment Received
September 2008 $83.33 $84.00 Repayment Received
October 2008 $83.33 $84.00 Repayment Received
November 2008 $83.33 $84.00 Repayment Received
December 2008 $83.33 $84.00 Repayment Received
January 2009 $83.33 $79.98 Repayment Received
February 2009 $83.33 $83.33 Repayment Received
March 2009 $83.33 $83.33 Repayment Received
April 2009 $83.33 $83.33 Repayment Received
May 2009 $83.33 $83.33 Repayment Received
June 2009 $83.33 $83.33 Repayment Received
July 2009 $83.37 $83.37 Repayment Received