This loan has been FULLY FUNDED by 17 lenders!

Heng Chanthy's Group
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Status: Paying Back

$750
Loan Request
Pre-Disbursed : May 20, 2009
Listed: May 26, 2009
Funded: May 26, 2009
Looking for a Fundraising Loan?
90% repaid

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In this Group:
Heng Chanthy, Mam Tang, Phun Phal

About the Loan

Location: Kampong Chhnang Province, Cambodia   Repayment Term: 12 months
(more info)
Activity: Fish Selling   Repayment Schedule: Monthly
Loan Use: To grow watermelon and buy more fish   Currency Exchange Loss: Covered
      Default Protection: Covered
The group of borrowers consists of three people. Its leader, Chanthy is 30 years old. She lives with her husband and their four children who are of school age. The house where they live is their own. She works selling fresh fish in a stall at the market. She gets up very early, at 2 am, to buy at the fish store where the fishermen bring the fish. Later she sells this in the market until 11 am. Chanthy has a number of clients who eat her fish and continually visit her stall. She is happy with her work because each day she finishes selling all the fish she brings. She will use the loan money to grow watermelon on her own farmland and to purchase more fish to sell. The other borrowers who have joined this loan are:
Mrs. Tang, a grocery seller, who is looking for a loan to expand her business size.
Mr. Phal who will use the loan to grow crops during the farming season.

All borrowers live in Kampong Chhnang Province.



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:Cambodia Riels (KHR)
Exchange Rate:4,126.0000 KHR = 1 USD
17 Lenders to this Group

Benjamin
Oxford, Oxfordshire
United Kingdom

Anonymous
Lk Peekskil, NY
United States

Cathy
Bruxelles,
France

Noma & Ash
New Delhi,
India

lynn
Almonte, Ontario
Canada

Zahra
Mid Levels, Hong Kong
Hong Kong

james
pendleton, SC
United States

Robin
Utrecht,
Netherlands

Athanasios
Athens, Voula
Greece

hannah
Paris,
France

Jean-Mathias
Saeul,
Luxembourg

Leli
Emmen, Drenthe
Netherlands

Exsila AG
Zug,
Switzerland

Richard
Port Jeff Sta, NY
United States



Journal entries for Heng Chanthy's Group


Subject: Loan has been disbursed
Location: Kampong Chhnang Province, Cambodia

Thank you for your loan. It has been disbursed to Heng Chanthy's Group, consisting of Heng Chanthy, Mam Tang, Phun Phal 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 Kampong Chhnang Province, Cambodia
May 27, 2009
Comment on this entry

Subject: Kiva Field Update - Message from Kiva Fellow in Cambodia
Location: Kampong Chhnang Province, 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 Heng Chanthy's Group

  Expected Repayments Actual Repayments Comments
August 2009 $75.00 $75.00 Repayment Received
September 2009 $75.00 $75.00 Repayment Received
October 2009 $75.00 $75.00 Repayment Received
November 2009 $75.00 $75.00 Repayment Received
December 2009 $75.00 $75.00 Repayment Received
January 2010 $75.00 $75.00 Repayment Received
February 2010 $75.00 $75.00 Repayment Received
March 2010 $75.00 $75.00 Repayment Received
April 2010 $75.00 $75.00 Repayment Received
May 2010 $75.00 Available May 1