Norng Chantrea


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

Name: Norng Chantrea
Location: Dangkao District, Cambodia
Activity: Tailoring

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase a new motorbike..
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 15, 2008
Date Disbursed: Sep 29, 2008
Date Funded:Sep 15, 2008
Loan Ended:Oct 15, 2009

About the Country

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



Norng Chantrea is 33 years old and resides with her child in Phnom Penh, Cambodia. Since 1993, she has been working as garment factory worker to earn a living and is able to make US$3 each day. Her husband, Soam Yon, is a construction worker and sometime when he free he operates a motor-taxi business as well. On average, he makes about US$5 of profit per day from two activities. Mrs. Norng would like to loan from Kiva via Credit, local partner, to replace an old and unreliable motorbike for her husband. (Soam is pictured with a motorbike)

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Carol and Rick
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Sybrand
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Diane
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Patrice
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Jaime
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Bou Lucia
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David
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peggy
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Journal entries for Norng Chantrea


Loan has been disbursed
 
Entrepreneur: Norng Chantrea
Location: Dangkao District, Cambodia

Thank you for your loan. It has been disbursed to Norng Chantrea by CREDIT, a partner of World Relief in Cambodia. We are excited to watch this business grow. Over the next 12 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 Dangkao District, Cambodia
Sep 30, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Norng Chantrea
Location: Dangkao District, Cambodia

Norng Chantrea is 33 years old and resides with her child in Phnom Penh, Cambodia. Since 1993, she has been working as garment factory worker to earn a living and is able to make US$3 each day. Her husband, Soam Yon, is a construction worker and sometime when he free he operates a motor-taxi business as well. On average, he makes about US$5 of profit per day from two activities.

To make more money, Norng Chantrea decided to ask for a loan of US$1200 from CREDIT to replace her husband's motorbike and the rest is used to complete her construction. The old motorbike is unreliable and too old to operate a moto-taxi. That is why, she replace for him. Her husband is able to make US$20 in revenue every day.

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 Norng Chantrea 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 Dangkao District, Cambodia
Jul 29, 2009
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Kiva Help Repayment Schedule for Norng Chantrea

  Expected Repayments Actual Repayments Comments
December 2008 $100.00 $100.00 Repayment Received
January 2009 $100.00 $100.00 Repayment Received
February 2009 $100.00 $100.00 Repayment Received
March 2009 $100.00 $100.00 Repayment Received
April 2009 $100.00 $100.00 Repayment Received
May 2009 $100.00 $100.00 Repayment Received
June 2009 $100.00 $100.00 Repayment Received
July 2009 $100.00 $100.00 Repayment Received
August 2009 $100.00 $100.00 Repayment Received
September 2009 $100.00 $100.00 Repayment Received
October 2009 $100.00 $100.00 Repayment Received
November 2009 $100.00 $100.00 Repayment Received