Chhup Phorn


Status: Paying Back

$1,200.00   Loan Amount
77% repaid

About the Entrepreneur

Name: Chhup Phorn
Location: Siem Reap Province, Cambodia
Activity: Farming

About the Loan

Loan Amount: $1,200.00
Loan Use: Purchase cow to help plow
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jul 31, 2008
Date Disbursed: Aug 15, 2008
Date Funded:Aug 1, 2008

About the Country

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



Chhup Phorn, 52, lives in Siem Reap with three of her children. She goes out to her field each day and grows vegetables and rice to sell in the local food market. Typically she makes US$1.50 each day, but she is also supported by her son who works in construction. The other two children are students in the local schools and are dependent upon the family's income. Inflation has made it difficult for many Cambodians to support their families this past year, and many are forced to look for ways to increase their income. Chhup Phorn has asked for a loan of US$1200 to purchase a cow to help her plow her farmland. The land needs to be plowed each year, and this investment can help cut down on some expenses. She looks forward to the opportunities that this loan provides and looks forward to the results.

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Journal entries for Chhup Phorn


Loan has been disbursed
 
Entrepreneur: Chhup Phorn
Location: Siem Reap Province, Cambodia

Thank you for your loan. It has been disbursed to Chhup 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 Siem Reap Province, Cambodia
Aug 15, 2008
Comments (1)

Journal Update
 
Entrepreneur: Chhup Phorn
Location: Siem Reap Province, Cambodia

Dear all Kiva's lenders,

I recently visited Chhup to check how she use the loan. I found out that she took the loan to purchase a motorbike for her son to commute to work and the rest is used to buy a pair of cows. She has been very pleased with the result of her investment.She currently make about US$3 of profit every day and a week she is able to save US$4 to US$5. With this increased profit, she will save it and plan to purchase a plot of land so that she can expand her cultivation. There are no problems paying a loan back to CREDIT. She said her son also contribute to repay a loan each month too.


Posted by Vichet Ouch from Siem Reap Province, Cambodia
Aug 24, 2009
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Kiva Help Repayment Schedule for Chhup Phorn

  Expected Repayments Actual Repayments Comments
November 2008 $66.67 $67.00 Repayment Received
December 2008 $66.67 $67.00 Repayment Received
January 2009 $66.67 $66.01 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 $66.67 Repayment Received
July 2009 $66.67 $66.67 Repayment Received
August 2009 $66.67 $66.67 Repayment Received
September 2009 $66.67 $66.67 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 $66.67 Available Mar 1  
April 2010 $66.61 Available Apr 1