This loan has been FULLY FUNDED by 37 lenders!

Lip Atikas' Group
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Status: Paying Back

$1,650
Loan Request
Pre-Disbursed : May 20, 2009
Listed: Jun 10, 2009
Funded: Jun 21, 2009
Looking for a Fundraising Loan?
90% repaid

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In this Group:
Lip Atikas, Ly Mary, Tin Phalla, Prak Phanny, Lors Tikas

About the Loan

Location: Battambang, Cambodia   Repayment Term: 12 months
(more info)
Activity: Home Products Sales   Repayment Schedule: Monthly
Loan Use: To order additional kitchen materials to sell.   Currency Exchange Loss: N/A
      Default Protection: Covered
The five people requesting this small loan are all residents of the province of Battambang. The members have selected Mrs. Lip Atikas, 56, to be the group leader.

Lip Atikas sells kitchen materials in the busy local market. She has run this business for years and currently earns approximately $4 each day. Her husband earns a living selling fake jewelry. They have six children, all teenagers and under their care. Lip Atikas's business is going very well and gaining much income. To make her business more successful, she is applying for a loan for capital to order additional kitchen materials to sell.

Four other borrowers have joined this loan as follows:
Mary is a used clothe seller. She will use the loan to increase her stock of used clothes to sell.

Phalla is a used clothes seller, who will expand her business.

Phanny is a local fruit seller who will buy more kinds of fruits to sell.

Tikas sells burnable rubber in the market. She will use her loan as capital for her business actions.





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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About the Country

Country:Cambodia
Avg Annual Income:$2,600
Currency:United States Dollars (USD)
37 Lenders to this Group

Pamela
Canoelands, New South Wales
Australia

Doug and Walker Silsbee
Marshall, NC
United States

DHJ
Scottsdale, AZ
United States

Jane
Victoria, British Columbia
Canada

Team PSI
Beaverton, OR
United States

Louis
Lexington , MA
United States

Samantha
Cambridge, MA
United States

TheFrys
Medicine Hat, Alberta
Canada

2WebDesign.com
Saskatoon, Saskatchewan
Canada

The Corcorans
Angels Cove, Newfoundland
Canada

James
Olivet, MI
United States

Michael
smithtown, NY
United States

elizabeth
Toronto, Ontario
Canada

Bjørn
Aalesund,
Norway

Jorge
Hartford, CT
United States

Laurent D
Brussels,
Belgium

Oliver
Hamburg,
Germany

Misa & Carl
Albany, CA
United States

Kurt
Dallas, TX
United States

Molyka
Schaumburg, IL
United States

Gronstal Cousins
Across the Country,
United States

Paul
Sth Queensferry,
United Kingdom

Luca
Pistoia, Tuscany
Italy

Anonymous
Palo Alto, CA
United States

James
Fayetteville, NC
United States

Steve
London,
United Kingdom

vk.
irvine, California
United States

Daniel
Mission, British Columbia
Canada

Deborah
Tuart Hill, Western Australia
Australia

Victor & Sydney
Bronx, NY
United States

Doug and Darla
St. Louis, MO
United States

Beverly
Sleepy Hollow, AK
United States

Anonymous
Franklin, TN
United States

David
Hillsboro, OR
United States

John
Clarksville, TN
United States



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Australia
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Scotland
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Team California
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360 Members

Journal entries for Lip Atikas' Group


Subject: Kiva Field Update - Message from Kiva Fellow in Cambodia
Location: Battambang, 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)

Subject: Loan has been disbursed
Location: Battambang, Cambodia

Thank you for your loan. It has been disbursed to Lip Atikas' Group, consisting of Lip Atikas, Ly Mary, Tin Phalla, Prak Phanny, Lors Tikas by Hattha Kaksekar Limited (HKL), a partner of Save the Children in Cambodia. We are excited to watch this business grow. Over the 10 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 Battambang, Cambodia
Jun 22, 2009
Comment on this entry

Kiva Help Repayment Schedule for Lip Atikas' Group

  Expected Repayments Actual Repayments Comments
August 2009 $165.00 $165.00 Repayment Received
September 2009 $165.00 $165.00 Repayment Received
October 2009 $165.00 $165.00 Repayment Received
November 2009 $165.00 $165.00 Repayment Received
December 2009 $165.00 $165.00 Repayment Received
January 2010 $165.00 $165.00 Repayment Received
February 2010 $165.00 $165.00 Repayment Received
March 2010 $165.00 $165.00 Repayment Received
April 2010 $165.00 $165.00 Repayment Received
May 2010 $165.00 Available May 1