Mr. Seang Soeun is 71 years old and lives in Phnom Penh with his only daughter. His wife recently passed away, so now he and his daughter rely heavily on each other for their livelihood. Seang Soeun produces wine and earns about $5 per day. He has been saving his money and plans to combine those savings with the loan to buy a hair salon for his daughter. He feels that his daughter will succeed as a hair stylist and as he grows older she will be able to support him. In the future, he plans on continuing to invest in his daughter's shop so that she will succeed.
Entrepreneur: Seang Soeun Location: Phnom Penh City, Cambodia
Thank you for your loan. It has been disbursed to Seang Soeun 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
Entrepreneur: Seang Soeun Location: Phnom Penh City, Cambodia
Seang Soeun has lived in Phnom Penh for 28 years and has raised five children. He first heard about CREDIT through one of his neighbors and decided to look into securing a low interest loan. He reports his loan has helped his family by moderately raising their income and enabling him to invest further in his wine making business as well as partially finance his daughter’s beauty salon. He has had no problems repaying his loans on time or with managing his business in recent days and reports financial stability.
Posted by
Joshua Benadum from Phnom Penh City, Cambodia
Mar 24, 2008
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