Somat Mut


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: Somat Mut
Location: Chamkarmorn District, Cambodia
Activity: Taxi

About the Loan

Loan Amount: $700.00
Loan Use: Purchase Tuk Tuk
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 18, 2006
Date Disbursed: Sep 4, 2006
Date Funded:Aug 21, 2006
Loan Ended:Aug 21, 2007

About the Country

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



Mut Somat lives with his mother and older sister. His mother is in poor health and is currently in the hospital. Mut Somat feels responsible for his family, and desires to provide a good income for them. Mut Somat used to be a motor taxi driver. However, he has been out of work for the last 10 days because his moto bike was stolen. During this time of unemployment he has been assisting his sister in her cake baking business. However, he would like to be able to earn additional income for the family; therefore, he is applying for a loan for $700 so that he may purchase a tuk tuk (a type of passenger taxi cart which is attached to a motor bike). The entire $700 will be spent on the tuk tuk. As a motor taxi driver Mut Somat earned about $5 a day. After consulting his brother-in-law, who is currently a tuk tuk driver, Mut Somat anticipates being able to earn about $12.50 a day with the new tuk tuk.  Mut Somat looks forward to being able to earn money for his family again, and even raise their standard of living with the increase in income that he anticipates from the tuk tuk.



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Lenders to this entrepreneur

Glen Moore
Sonora, CA
United States

Anonymous

barb
london, London
United Kingdom

Robbie Honerkamp
Tucker, GA
United States

James

United States

Heather
Santa Barbara, CA
United States

Anonymous
viroflay,
France

Christine
Toronto,
Canada

Aric
Fort Myers, FL
United States

Yvonne
California
United States

Tim
New York, NY
United States

Mouton
Chicago, IL
United States

Chris
Los Angeles, CA
United States

Anonymous
Spring Lake Park, MN
United States

Trey Francisco
Palo Alto, CA
United States



Journal entries for Somat Mut


Loan has been disbursed
 
Entrepreneur: Somat Mut
Location: Chamkarmorn District, Cambodia

Thank you for your loan. It has been disbursed to Somat Mut by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 12 - 13 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Amber Hirschy from Chamkarmorn District, Cambodia
Aug 21, 2006
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Kiva Help Repayment Schedule for Somat Mut

  Expected Repayments Actual Repayments Comments
December 2006 $58.33 $116.00 Repayment Received
January 2007 $58.33 $58.00 Repayment Received
February 2007 $58.33 $58.00 Repayment Received
March 2007 $58.33 $58.00 Repayment Received
April 2007 $58.33 $0.00 Repayment Received
May 2007 $58.33 $116.00 Repayment Received
June 2007 $58.33 $0.00 Repayment Received
July 2007 $58.33 $71.00 Repayment Received
August 2007 $58.33 $113.00 Repayment Received
September 2007 $58.33 $59.00 Repayment Received
October 2007 $58.33 $51.00 Repayment Received
November 2007 $58.37 $0.00 Repayment Received