Nat Men's Group


Status: Paid Back

$600.00   Loan Request
$600.00   Paid Back

About the Group

Group Name: Nat Men's Group
Group Members: Nat Men
Saren Nhem
Sokhun Mach
Sokhum Brak
Location: Kampong Prasat Village, Cambodia
Activity: Fishing

About the Loan

Loan Amount: $600.00
Loan Use: Buy fishing nets to catch more fish to sell
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 23, 2008
Date Disbursed: Oct 23, 2008
Date Funded:Dec 13, 2008
Loan Ended:Sep 15, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,116.9500 KHR = 1 USD



Mr. Nat Men is the leader of a four-member group; they all live in the Kampong Prasat village, in Kampong Chhnang Province, Cambodia. He is a fisherman, but he can only catch a small amount of fish to support the family. To catch more fish, Mr. Nat Men requests a loan to buy more fishing nets for his business. His wife, Mrs. Loch Sarim, is a housewife who cooks delicious food for her family. Mr. Nat Men is 32 years old, and has four children; two attend the local school, and two are too young to go to 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 Nat Men's Group


Loan has been disbursed
 
Entrepreneur: Nat Men's Group
Location: Kampong Prasat Village, Cambodia

Thank you for your loan. It has been disbursed to the Nat Men group, consisting of Nat Men, Saren Nhem, Sokhun Mach, Sokhum Brak 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 Kampong Prasat Village, Cambodia
Dec 14, 2008
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Kiva Help Repayment Schedule for Nat Men's Group

  Expected Repayments Actual Repayments Comments
January 2009 $0.00 $60.00  
February 2009 $120.00 $60.00 Repayment Received
March 2009 $60.00 $60.00 Repayment Received
April 2009 $60.00 $60.00 Repayment Received
May 2009 $60.00 $60.00 Repayment Received
June 2009 $60.00 $60.00 Repayment Received
July 2009 $60.00 $60.00 Repayment Received
August 2009 $60.00 $60.00 Repayment Received
September 2009 $60.00 $60.00 Repayment Received
October 2009 $60.00 $60.00 Repayment Received