This loan has been FULLY FUNDED by 13 lenders!

Duongchan Savoeun
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About the Loan
Location: Pursat, Cambodia   Repayment Term: 13 months
(more info)
Activity: Food   Repayment Schedule: Monthly
Loan Use: Purchase a new motorcycle   Currency Exchange Loss: Covered
      Default Protection: Covered

Duongchan Savoeun is 55, married, and has five children. Three of his children are employed: one son is a hair cutter in Phnom Penh City, and two daughters are dealers in a casino. His wife, Soeum Tep, 44, helps him with his business. He and his family reside in Pursat Province.



Duongchan Savoeun sells ice cream to his community from the back of his motorcycle. His best customers are young students in school. He earns approximately $5 per day. Savoeun has applied for a loan to purchase a new motorcycle to replace the old one.





About the Country
Country:
Avg Annual Income:$2,600
Currency:Cambodia Riels (KHR)
Exchange Rate:4,116.9500 KHR = 1 USD

pascal
Paris
France

Pennie
Apple Valley, MN
United States

Harm Jan & Ellen
Meteren
Netherlands

Anonymous
Brussels
Belgium

Wonga.com
London, London
United Kingdom

Roman
Gig Harbor, WA
United States

Mark Bruns
George, IA
United States

Brian & Takami
Pleasanton, CA
United States

LQS Eddie Gough Fund
St Brelade, Jersey CI
United Kingdom

Kyle
Billings, MT
United States

Jim
Vero Beach, FL
United States

Kristofer
Linköping
Sweden
Top Lending Teams for this Entrepreneur

Capgemini University
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23 Members

Wonga.com
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62 Members

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750 Members

Mosaic
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12 Members
Status: Paid Back

$375
Loan Request
Pre-Disbursed : Nov 28, 2008
Listed: Dec 18, 2008
Funded: Dec 20, 2008
$375
Paid Back
Ended: Sep 15, 2009
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Journal entries for Duongchan Savoeun


Subject: Kiva Field Update - Message from Kiva Fellow in Cambodia
Location: Pursat, 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 (29)
Subject: Loan has been disbursed
Location: Pursat, Cambodia

Thank you for your loan. It has been disbursed to Duongchan Savoeun 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 Pursat, Cambodia
Dec 21, 2008
Comment on this entry
Kiva HelpKiva Repayment Schedule for Duongchan Savoeun
  Expected Repayments Actual Repayments Comments
February 2009 $0.00 $37.50  
March 2009 $37.50 $37.50 Repayment Received
April 2009 $37.50 $0.00 Repayment Received
May 2009 $37.50 $37.50 Repayment Received
June 2009 $37.50 $37.50 Repayment Received
July 2009 $37.50 $37.50 Repayment Received
August 2009 $37.50 $37.50 Repayment Received
September 2009 $37.50 $37.50 Repayment Received
October 2009 $37.50 $112.50 Repayment Received
November 2009 $37.50 $0.00 Repayment Received
December 2009 $37.50 $0.00 Repayment Received