Nuon Phorn


Status: Paying Back

$1,000.00   Loan Amount
83% repaid

About the Entrepreneur

Name: Nuon Phorn
Location: Kampong Cham Province, Cambodia
Activity: Grocery Store

About the Loan

Loan Amount: $1,000.00
Loan Use: To buy a motorbike
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 20, 2008
Date Disbursed: Jul 23, 2008
Date Funded:Jul 9, 2008

About the Country

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



Nuon Phorn, 28, is married and lives in Kampong Cham province with her young child. She works in a grocery store, making around $2.50 a day, while her husband makes around $5 a day as a doctor. Inflation has caused prices to soar in Cambodia, and recent hikes in the price of oil and rice have created economic difficulties for many Cambodians. Looking for ways to increase her income and combat rising expenses, Nuon Phorn has asked CREDIT for a loan of $1,000 to buy a motorbike to carry her groceries across town. She needs a way to transport goods from market to store so she can resell them, but the cost of public transportation is too high. She sees this loan as an opportunity to increase her income and to expand her business.

Subscribe

Lenders to this entrepreneur

Natasha
Melbourne
Australia

antonio and olga
menlo park, CA
United States

Michael
Apple Valley, MN
United States

Kathy and Charlie
Denville, NJ
United States

Lea
New York, NY
United States

Yolanda
Amsterdam,
Netherlands

Julia
San Diego, CA
United States

Victor & Sydney
Bronx, NY
United States

Sabrina & Oliver
München,
Germany

intention
Sherman Oaks, CA
United States

marek
prague,
Czech Republic

Margaret
Singapore, SINGAPORE
Singapore

Tokyo Vegans Club
Tokyo,
Japan

Laurie
San Francisco, CA
United States

ginny
clinton, WA
United States

Michael
Lincoln, NE
United States

David
Dinas Powys,
United Kingdom

Nardia
Tanunda, South Australia
Australia

Anonymous
Mexico city, Mexico
Mexico

Lee & Megan
Boynton Beach, FL
United States

Chester
Houston, TX
United States

Anonymous
South Barre, MA
United States

Rick
Stanton, MI
United States

John
Aurora, CO
United States

Sherilyn
Ventura, CA
United States

PEGGY+MIGUEL
Hillsborough, CA
United States

Iwona
Cleveland Heights, OH
United States

Adrian Liston
Leuven, Flemish Brabant
Belgium

Jini
Calgary, Alberta
Canada

Tnika
Placentia, CA
United States



Journal entries for Nuon Phorn


Loan has been disbursed
 
Entrepreneur: Nuon Phorn
Location: Kampong Cham Province, Cambodia

Thank you for your loan. It has been disbursed to Nuon Phorn 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 24, 2008
Comments (1)

Journal Update
 
Entrepreneur: Nuon Phorn
Location: Kampong Cham Province, Cambodia

Nuon Phorn, 28, is married and lives in Kampong Cham province with her young child. She works in a grocery store, making around $2.50 a day, while her husband makes around $5 a day as a doctor.

Nuon Phorn took out a loan of US$1000 to purchase a motorbike and expand her grocery business. She has been pleased with the results of her investments and can see her business growing. Not so long since she loan from CREDIT, she changed her business. So far, she not selling grocery items. Instead she has purchased music equipments to hire to villagers when ever they have a party or wedding ceremony. Recently, she is able to make about US$10 in revenue per day. She has no problems paying a loan back to CREDIT. In the future, she planned to purchase a truck to transport music equipments.

She would like to see her business expanded and her income continue to increase, and in the future she will not hesitate to borrow again. She looks forward to the opportunities provided by this loan and has been very pleased with the results so far.

Thank you so much for your generosity and kindness toward Nuon Phorn and her family. CREDIT appreciates your help and looks forward to partnering with you again in the future to continue to provide quality financial services to Cambodia's poor entrepreneurs.


Posted by Vichet Ouch from Kampong Cham Province, Cambodia
Aug 2, 2009
Comment on this entry

Kiva Help Repayment Schedule for Nuon Phorn

  Expected Repayments Actual Repayments Comments
October 2008 $55.56 $56.00 Repayment Received
November 2008 $55.56 $56.00 Repayment Received
December 2008 $55.56 $55.00 Repayment Received
January 2009 $55.56 $55.24 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 $55.56 Available Jan 1  
February 2010 $55.56 Available Feb 1  
March 2010 $55.48 Available Mar 1