Sum Kim Heng

Status: Paid Back

$1,000.00		Loan Request
$1,000.00		Paid Back

About the Entrepreneur

Name:	Sum Kim Heng
Location:	Phnom Penh City, Cambodia
Activity:	Vehicle Repairs

About the Loan

Loan Amount:	$1,000.00
Loan Use:	To purchase tools for fixing motorbikes and to build a house to rent to garment factory workers
Repayment Term:	20 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Apr 11, 2007
Date Disbursed:	Apr 26, 2007
Date Funded:	Apr 12, 2007
Loan Ended:	Oct 16, 2008

About the Field Partner

Field Partner:

CREDIT, a partner of World Relief

Field Partner Risk Rating:

(Learn more)

Active

42 months

4817

$3,621,900

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

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

Sun Kim Heng is 41 years old and lives in Phnom Penh with his wife and 2 children. He works as a mechanic near his home, and can earn $10 per day fixing motorbikes. He will use this loan to purchase more tools in order to grow his shop, as well as to build a house. He plans on renting the house to nearby garment factory workers and expects that the rental income will help his family to live more comfortably. In the future, he hopes to continue building houses for local workers to rent.

Lenders to this entrepreneur

jao
Minnetonka, MN
United States

Anonymous
Springfield, MO
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Tim
Chertsey, Surrey
United Kingdom

Alice
De Forest, WI
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Knut
Oslo, Oslo
Norway

Charlie
Platteville, WI
United States

Joseph
Morris, MN
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Craig
Fort Myers, FL
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Dana
Traverse City, MI
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Anonymous
baldwin, MD
United States

Nora
Cape Coral, FL
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Michael & Heather
Gros Islet,
Saint Lucia

George and Patricia
Grants Pass, OR
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Ruth and Mike
Madison, WI
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Anonymous
Dallas, TX
United States

Dedee
Greenwich, CT
United States

Gary
Dorchester, MA
United States

Joanne
Sunnyvale, California
United States

Mignon
Vancouver, British Columbia
Canada

Kimberley
Salem, OR
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Memole Family
Pittsburgh, PA
United States

Journal entries for Sum Kim Heng

Loan has been disbursed Entrepreneur: Sum Kim Heng Location: Phnom Penh City, Cambodia Thank you for your loan. It has been disbursed to Sum Kim Heng by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 - 18 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by Nick Lazos from Phnom Penh City, Cambodia Apr 12, 2007
Comments (3)

journal update Entrepreneur: Sum Kim Heng Location: Phnom Penh City, Cambodia Mr. Sum Kim Heng has lived in Phnom Penh with his wife and two young children for about 3 years. He used to get loans through a different MFI operating in Cambodia but found CREDIT to be more convenient and offering a lower interest rate. His most recent loan has helped to raise his family income substantially by going towards building a rental house for garment factory workers. He has since experienced financial stability with his business and been able to repay his CREDIT loan monthly quite regularly. He is currently considering further loans to help expand his business opportunities as a mechanic.
Posted by Joshua Benadum from Phnom Penh City, Cambodia Mar 24, 2008
Comments (2)

Repayment Schedule for Sum Kim Heng

Show Advanced

	Expected Repayments	Actual Repayments	Comments
July 2007	$55.56	$896.00	Repayment Received
August 2007	$55.56	($672.00)	Repayment Received
September 2007	$55.56	$0.00	Repayment Received
October 2007	$55.56	$0.00	Repayment Received
November 2007	$55.56	$56.00	Repayment Received
December 2007	$55.56	$56.00	Repayment Received
January 2008	$55.56	$56.00	Repayment Received
February 2008	$55.56	$56.00	Repayment Received
March 2008	$55.56	$56.00	Repayment Received
April 2008	$55.56	$56.00	Repayment Received
May 2008	$55.56	$56.00	Repayment Received
June 2008	$55.56	$56.00	Repayment Received
July 2008	$55.56	$56.00	Repayment Received
August 2008	$55.56	$56.00	Repayment Received
September 2008	$55.56	$56.00	Repayment Received
October 2008	$55.56	$56.00	Repayment Received
November 2008	$55.56	$56.00	Repayment Received
December 2008	$55.48	$48.00	Repayment Received