Then Saem


Status: Paying Back - Delinquent

$500.00   Loan Amount
46% repaid

About the Entrepreneur

Name: Then Saem
Location: Trapaing Chork Village, Cambodia
Activity: Farming

About the Loan

Loan Amount: $500.00
Loan Use: to grow yams
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 1, 2009
Date Disbursed: Feb 4, 2009
Date Funded:Mar 1, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,063.0000 KHR = 1 USD



Mrs. Then Saem lives in Trapaing Chork village in Kampong Cham province. She is a firewood seller. Her husband, Mr. Pun Phorn, is a farmer who owns a plot of land where he cultivates yams. He faces a problem because he does not have enough money to grow yams on his field.



In order to deal with this problem, Mrs. Then Saem decided to ask for a loan to grow yams to earn a living. She is 34 years old and the mother of two children, one of whom is attending the local school while the other is too young to work or study. Her husband is also in the picture.


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Journal entries for Then Saem


Loan has been disbursed
 
Entrepreneur: Then Saem
Location: Trapaing Chork Village, Cambodia

Thank you for your loan. It has been disbursed to Then Saem by AMK in Cambodia. We are excited to watch this business grow. Over the 12 months of this loan, AMK will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Trapaing Chork Village, Cambodia
Mar 2, 2009
Comment on this entry

Journal update for Then Saem
 
Entrepreneur: Then Saem
Location: Trapaing Chork Village, Cambodia

My name is Katie Davis and I am a Kiva Fellow (KF7) volunteering in Phnom Penh, Cambodia for 4 months at Kiva field partner AMK. I recently had the opportunity to visit the Trapaing Chork Village in the Kampong Cham Province of Cambodia.

I sat down with Mrs. Then Saem to see how she is doing. Then reports that her family is in good health and her youngest child sat with her during our conversation. She used the loan to hire 4 laborers from her village to work on her 5 hector yam field. She provides the laborers a salary of 8,000 Riel a day, which is about $2 USD. She also provides the laborers and their families with 3 meals a day. Then's annual revenue from yam production is 7 to 8 million Riel, which is equivalent to about $1,750 to $2,000. I asked Then what other options she would have for getting a loan if it were not for AMK, and she said that AMK was her only option. This is Then's first loan through AMK.

Thank you for making a loan through Kiva. To see other AMK loans on the Kiva website click here


Posted by Katie Davis from Trapaing Chork Village, Cambodia
Apr 20, 2009
Comments (1)

Kiva Help Repayment Schedule for Then Saem

  Expected Repayments Actual Repayments Comments
May 2009 $41.68 $0.00 Repayment Received
June 2009 $41.68 $83.67 Repayment Received
July 2009 $41.68 $41.60 Repayment Received
August 2009 $41.68 $41.75 Repayment Received
September 2009 $41.68 $41.53 Repayment Received
October 2009 $41.68 $19.63 Delinquent
November 2009 $41.68 $2.78 Delinquent
December 2009 $41.68 Available Dec 1  
January 2010 $41.68 Available Jan 1  
February 2010 $41.68 Available Feb 1  
March 2010 $41.68 Available Mar 1  
April 2010 $41.52 Available Apr 1