Yueo Phal


Status: Paying Back

$1,000.00   Loan Amount
72% repaid

About the Entrepreneur

Name: Yueo Phal
Location: Batheay District, Kampong Cham, Cambodia., Cambodia
Activity: Transportation

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase a truck to provide services for extra profit
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 12, 2008
Date Disbursed: Sep 26, 2008
Date Funded:Sep 12, 2008

About the Country

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



Yueo Phal, 25, is married and lives with three of her children in Kampong Cham, Cambodia. Since 1997, she has been a rice farmer and makes around US$1.50 per day. Her husband, Sorn Lim, earns approximately US$2.00 raising ducks. Yueo said that farming requires a lot of labor and energy, but that she does not earn enough to support the family. Also, inflation has been difficult in the past year. Every single thing has increased in price since last year, fertilizer and insecticide included.

Yueo would like a loan from Kiva via Credit, a local partner, of US$1000 to purchase a truck to provide services for extra profit. She sees this purchase as a good opportunity to increase her income.


CREDIT MFI is an independent Cambodian faith-based organization. It aims to empower the economically active poor and small entrepreneurs by providing inclusive financial services.

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Journal entries for Yueo Phal


Loan has been disbursed
 
Entrepreneur: Yueo Phal
Location: Batheay District, Kampong Cham, Cambodia., Cambodia

Thank you for your loan. It has been disbursed to Yueo Phal 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 Batheay District, Kampong Cham, Cambodia., Cambodia
Sep 26, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Yueo Phal
Location: Batheay District, Kampong Cham, Cambodia., Cambodia

I recently visited Phal to see how the loan help her to expand her business. Unfortunately, i found out that she took the money to repay private lenders that interest is very high. She did not use the loan to reinvest in her business. She needs to work very hard to repay CREDIT.


Posted by Vichet Ouch from Batheay District, Kampong Cham, Cambodia., Cambodia
Sep 13, 2009
Comment on this entry

Kiva Help Repayment Schedule for Yueo Phal

  Expected Repayments Actual Repayments Comments
December 2008 $55.56 $56.00 Repayment Received
January 2009 $55.56 $55.12 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 $55.56 Available Mar 1  
April 2010 $55.56 Available Apr 1  
May 2010 $55.48 Available May 1