Kem Sok Heoung


Status: Paying Back

$1,200.00   Loan Amount
83% repaid

About the Entrepreneur

Name: Kem Sok Heoung
Location: Kampong Cham Province, Cambodia
Activity: Grocery Store

About the Loan

Loan Amount: $1,200.00
Loan Use: Purchase more groceries; Purchase a pig
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 22, 2008
Date Disbursed: Jul 11, 2008
Date Funded:Jun 27, 2008

About the Country

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



Kem Sok Heoung, 27, lives in the Kampong Cham province with her husband and two young children. She makes about $3 daily, selling groceries, while her husband makes $1.50 as a policeman. She is asking for a loan in the amount of $1200 to purchase more groceries to expand her current shop. She is also hoping to purchase a pig to raise and sell with the money from the loan. She sees this loan as a great opportunity to expand her business and is confident that she will see her income increase as a result.

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Journal entries for Kem Sok Heoung


Loan has been disbursed
 
Entrepreneur: Kem Sok Heoung
Location: Kampong Cham Province, Cambodia

Thank you for your loan. It has been disbursed to Kem Sok Heoung by CREDIT, a partner of World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 months, CREDIT, a partner of World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kampong Cham Province, Cambodia
Jul 11, 2008
Comments (1)

Loan Update
 
Entrepreneur: Kem Sok Heoung
Location: Kampong Cham Province, Cambodia

Kem Sok Heoung, 27, lives with her husband and two children in Kampong Cham, Cambodia. Kem runs a grocery shop, and her husband is a police officer. At the time they applied for a loan, they made $3 and $1.50 a day, respectively. Kem asked for a loan so she could expand her grocery shop.

Kem has previously taken a loan with CREDIT MFI through Kiva to purchase a motorbike for her transportation needs. Please view the loan here

A CREDIT MFI loan officer recently visited Kem to check on her progress. After receiving her loan, Kem invested in her pig-raising business (by purchasing feed), as well as her grocery store. She says that her income has remained about the same as before, but she was able to save enough to purchase a second-hand motorbike for her family's transportation needs.

When asked, Kem said she was thankful to CREDIT for its good service, and to Kiva lenders for supporting her loans.

(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=14240, 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 Kampong Cham Province, Cambodia
Mar 9, 2009
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Kiva Help Repayment Schedule for Kem Sok Heoung

  Expected Repayments Actual Repayments Comments
October 2008 $66.67 $67.00 Repayment Received
November 2008 $66.67 $67.00 Repayment Received
December 2008 $66.67 $67.00 Repayment Received
January 2009 $66.67 $65.68 Repayment Received
February 2009 $66.67 $66.67 Repayment Received
March 2009 $66.67 $66.67 Repayment Received
April 2009 $66.67 $66.67 Repayment Received
May 2009 $66.67 $66.67 Repayment Received
June 2009 $66.67 $66.66 Repayment Received
July 2009 $66.67 $66.67 Repayment Received
August 2009 $66.67 $66.67 Repayment Received
September 2009 $66.67 $66.68 Repayment Received
October 2009 $66.67 $66.67 Repayment Received
November 2009 $66.67 $66.67 Repayment Received
December 2009 $66.67 $66.67 Repayment Received
January 2010 $66.67 Available Jan 1  
February 2010 $66.67 Available Feb 1  
March 2010 $66.61 Available Mar 1