Prek Chanheng's Group


Status: Paying Back

$800.00   Loan Amount
75% repaid

About the Group

Group Name: Prek Chanheng's Group
Group Members: Prek Chanheng
Khoem Rem
Chep Seam
Location: Phnom Penh City, Cambodia
Activity: Food Production/Sales

About the Loan

Loan Amount: $800.00
Loan Use: to purchase additional groceries for sale.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Apr 6, 2009
Date Disbursed: Mar 19, 2009
Date Funded:Apr 18, 2009

About the Country

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



This small loan is being requested by three borrowers, all of whom live in Phnom Penh City. The group leader, Mrs. Prek Chanheng is 37 years old and sells groceries in the village. She sells items such as vegetables, pork, beef, and cooked ingredients. She can generate a daily income of approximately $5 each day to feed her family. Her husband works as a security guard in a Cambodian garment factory.

The couple lives with three children who are single. Two of the children are employed as garment workers. Chanheng hopes to enlarge her business operations and satisfy her customer's needs. Therefore, she has decided to ask for a loan to purchase additional groceries to sell.

The other two loan borrowers are:
Rem, 50, sells dessert. She is requesting a loan to add to her personal savings to buy a motorcycle for her family's transportation needs.
Seam, 57, is a good homemaker who cares for her children. Her family's expenses rely on her husband's wages. She needs a loan to buy a motorbike for her husband to ride to work.



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 Prek Chanheng's Group


Loan has been disbursed
 
Entrepreneur: Prek Chanheng's Group
Location: Phnom Penh City, Cambodia

Thank you for your loan. It has been disbursed to Prek Chanheng's Group, consisting of Prek Chanheng, Khoem Rem, Chep Seam by Hattha Kaksekar Limited (HKL), a partner of Save the Children in Cambodia. We are excited to watch this business grow. Over the 9 months of this loan, Hattha Kaksekar Limited (HKL), a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Phnom Penh City, Cambodia
Apr 19, 2009
Comment on this entry

Kiva Field Update - Message from Kiva Fellow in Cambodia
 
Entrepreneur: Prek Chanheng's Group
Location: Phnom Penh City, Cambodia

Thank you for supporting a Kiva entrepreneur in Cambodia. My name is Drew Loizeaux, and I have been serving as a Kiva Fellow with one of Kiva’s partners in Cambodia, Hattha Kaksekar Limited (HKL), for the last three months. Working alongside the fantastic staff here, and meeting many of the clients that your loans have funded, has been a tremendously inspiring experience. Without you, the Kiva lenders, none of this would be possible.

Working at HKL with everyone from management to field staff, I have seen first hand the dedication to fostering these relationships. HKL staff serve their clients with an amazing amount of respect and understanding that, in turn, creates a great level of trust between both parties. The Kiva model flourishes with this trust, because many important details of the lives and businesses of the entrepreneurs that would otherwise be missed are passed on to the lenders.

Before I became a Kiva Fellow, my favorite part of the lending process was receiving updates on the Kiva entrepreneurs who I had lent to. It was like a small window into their lives, and it made me feel like I was able to make the world better in some small but tangible way. As a Kiva Fellow, visiting with clients and finding out about the borrowers’ progress is still my favorite part of working with Kiva.

Many of you have received updates on HKL loans, but I know many others have not. We have been working extremely hard to get as many journals as possible written, but with current staffing and the number of HKL loans on Kiva, we have been focusing on the loans that are ending soon. In the next year, we anticipate that you will receive individual updates on a large majority of your loans. In the meantime, I would like to share the videos and journals for three of my favorite meetings with Kiva Entrepreneurs during my time here. I hope you enjoy them!

Soch Han and her family make bricks from the earth on their property. When I went to visit with them, they were removing the bricks from the oven. This activity made a very interesting video, which you can watch here: http://www.youtube.com/watch?v=ofLQtOnADko&_te=mj. Read the entire journal of our visit on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=46326&_te=mj

Rom Chhoeuy sells fish and traditional fish paste at a local market. When I visited with her, I asked her what her hopes and dreams are for the future. When her kids realized that they were being videotaped, they were very excited about it and spent the whole time waving at me. You can see the video here: http://www.youtube.com/watch?v=kN-DBP1CLls&_te=mj. Read the whole journal on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=53965&_te=mj

Khean Tol has many business endeavors, including farming, raising pigs, making baskets, and making rice wine. When I went to visit her, she was in the middle of making a set of baskets and was kind enough so show me how she makes them. You can watch video of this here: http://www.youtube.com/watch?v=qNDJQrkc7UA&_te=mj. Read the whole journal on her business profile page here: http://www.kiva.org/app.php?page=businesses&action=about&id=47715&_te=mj.

On behalf of Kiva and everyone here at HKL, thanks again for your loan and continued support of entrepreneurs in Cambodia.

Sincerely,

Drew Loizeaux,

Kiva Fellow with HKL

Phnom Penh, Cambodia


Posted by JD Bergeron, Kiva Staff, from San Francisco, United States
Jun 11, 2009
Comments (26)

Kiva Help Repayment Schedule for Prek Chanheng's Group

  Expected Repayments Actual Repayments Comments
June 2009 $80.00 $80.00 Repayment Received
July 2009 $80.00 $80.00 Repayment Received
August 2009 $80.00 $80.00 Repayment Received
September 2009 $80.00 $80.00 Repayment Received
October 2009 $80.00 $80.00 Repayment Received
November 2009 $80.00 $200.00 Repayment Received
December 2009 $80.00 Available Dec 1 Repayment Received
January 2010 $80.00 Available Jan 1  
February 2010 $80.00 Available Feb 1  
March 2010 $80.00 Available Mar 1