Rithy Moeung's Group


Status: Paying Back - Delinquent

$600.00   Loan Amount
97% repaid

About the Group

Group Name: Rithy Moeung's Group
Group Members: Rithy Moeung
Sarem Srey
Phearith Ung
Sophon Sor
Location: Sontouch Village, Cambodia
Activity: Cereals

About the Loan

Loan Amount: $600.00
Loan Use: To buy 1,000 kilograms of rice to keep in stock.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 1, 2009
Date Disbursed: Dec 8, 2008
Date Funded:Jan 6, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,161.7000 KHR = 1 USD



This group which consists of four people is located in Sontouch village in Kampong Chhnang province. Mrs. Rithy Moeung is the group leader. She is a rice middleman who buys rice to keep in stock and then re-sell later at a better price. This business is going well, so she wants to expand it and has asked for a loan to buy 1,000 kilograms of rice to keep in stock. Her husband, Mr. Chhoem Sarun, is a policeman who makes a small salary to support the family. Mrs. Rithy Moeung is 41 years old and the mother of four children, two of whom are working as constructors while the others are attending the local school.


Mrs. Rithy Moeung will share this loan with the members of her group.



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 Rithy Moeung's Group


Loan has been disbursed
 
Entrepreneur: Rithy Moeung's Group
Location: Sontouch Village, Cambodia

Thank you for your loan. It has been disbursed to the Rithy Moeung's group group, consisting of Rithy Moeung, Sarem Srey, Phearith Ung, Sophon Sor by AMK in Cambodia. We are excited to watch this business grow. Over the 7 months of this loan, AMK will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Sontouch Village, Cambodia
Jan 7, 2009
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Kiva Help Repayment Schedule for Rithy Moeung's Group

  Expected Repayments Actual Repayments Comments
March 2009 $150.00 $150.10 Repayment Received
April 2009 $75.00 $75.00 Repayment Received
May 2009 $75.00 $75.10 Repayment Received
June 2009 $75.00 $76.55 Repayment Received
July 2009 $75.00 $75.20 Repayment Received
August 2009 $75.00 $56.35 Repayment Received
September 2009 $75.00 $54.70 Delinquent
October 2009 $0.00 $8.30  
November 2009 $0.00 $11.95