Ou San


Status: Paying Back

$1,000.00   Loan Amount
83% repaid

About the Entrepreneur

Name: Ou San
Location: Russey Keo, Phnom Penh,, Cambodia
Activity: Recycling

About the Loan

Loan Amount: $1,000.00
Loan Use: Purchase recycling materials
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 26, 2008
Date Disbursed: Jul 12, 2008
Date Funded:Jun 28, 2008

About the Country

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



Ou San lives in Russey Keo with his wife and five children, and works as a fisherman. He typically makes US$1.50 each day and his wife, Chhub Kim Lang, works to collect recycling materials, making US$4 every day. The family is also supported by the work of one son who is in the construction business. Inflation has been very high in Cambodia over the past year and it has affected food prices and the costs of other basic necessities. Ou has approached CREDIT for a loan of US$1000 to purchase some recycling materials in bulk to resell. The family sees this as an investment and an opportunity that can increase the family’s income and improve their standard of living.

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Journal entries for Ou San


Loan has been disbursed
 
Entrepreneur: Ou San
Location: Russey Keo, Phnom Penh,, Cambodia

Thank you for your loan. It has been disbursed to Ou San 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 Russey Keo, Phnom Penh,, Cambodia
Jul 12, 2008
Comment on this entry

Loan Update
 
Entrepreneur: Ou San
Location: Russey Keo, Phnom Penh,, Cambodia

Ou San lives with his wife and five children near Phnom Penh, Cambodia. Ou is a fisherman, and his wife is a recycler. Ou requested a loan to purchase more more materials to recycle.

I recently visited Ou, who lives in a small village about 20km upstream from Phnom Penh on the Tonle Sap river. When we arrived and greeted Ou, the credit officer told us that it was a bad time to visit. The family just had a fight and nobody was in the mood to talk because their fishing boat was just stolen. I didn't want to press the issue much more, but I imagine that making repayments to CREDIT (Kiva's local partner) will become much more difficult for the family with their major income source gone.

(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=54021, 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 Russey Keo, Phnom Penh,, Cambodia
Apr 29, 2009
Comments (1)

Kiva Help Repayment Schedule for Ou San

  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 $56.00 Repayment Received
January 2009 $55.56 $54.24 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