Mrs. Chea Chanthoen Group


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Group

Group Name: Mrs. Chea Chanthoen Group
Group Members: Chea Chanthoen
Ny Doer
Preab Soen
Men Chinda
Sron Sok Kheng
Location: Kandal Leu Village, Cambodia
Activity: Transportation

About the Loan

Loan Amount: $700.00
Loan Use: To add to her savings to buy a new motorbike for her husband's business.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 30, 2008
Date Disbursed: Nov 14, 2008
Date Funded:Oct 31, 2008
Loan Ended:Oct 15, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,145.6000 KHR = 1 USD



This loan group is located in Kandal Leu Village in Kandal Province and consists of five people. Mrs. Chea Chanthoen is the group leader and was selected by the members.

Mrs Chea Chanthoen is a laborer who chops grasses for an income. Her husband, Mr. Net Chamroeun, earns money by transporting goods with his motorbike and cart. In this business he now faces a small problem because his motorbike is too old and he spends a lot of money on petroleum. In order to reduce the family's expenses, Mrs. Chea Chanthoen decided to ask for a loan to add to her savings to buy a new motorbike for her husband's business. Mrs. Chea Chanthoen is 39 years old and the mother of a child who is attending the local school.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Mrs. Chea Chanthoen Group


Loan has been disbursed
 
Entrepreneur: Mrs. Chea Chanthoen Group
Location: Kandal Leu Village, Cambodia

Thank you for your loan. It has been disbursed to the Mrs. Chea Chanthoen Group group, consisting of Chea Chanthoen, Ny Doer, Preab Soen, Men Chinda, Sron Sok Kheng by AMK in Cambodia. We are excited to watch this business grow. Over the next 10 months, AMK will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kandal Leu Village, Cambodia
Nov 15, 2008
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Kiva Help Repayment Schedule for Mrs. Chea Chanthoen Group

  Expected Repayments Actual Repayments Comments
February 2009 $70.00 $70.00 Repayment Received
March 2009 $70.00 $70.00 Repayment Received
April 2009 $70.00 $70.00 Repayment Received
May 2009 $70.00 $70.00 Repayment Received
June 2009 $70.00 $70.00 Repayment Received
July 2009 $70.00 $70.00 Repayment Received
August 2009 $70.00 $70.00 Repayment Received
September 2009 $70.00 $70.00 Repayment Received
October 2009 $70.00 $70.00 Repayment Received
November 2009 $70.00 $70.00 Repayment Received