This loan has been FULLY FUNDED by 34 lenders!

Sim Savet's Group
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In this Group: Sim Savet, Chan Sokhan, Yeam Sokhán
About the Loan
Location: Battambang, Cambodia   Repayment Term: 10 months
(more info)
Activity: Sewing   Repayment Schedule: Monthly
Loan Use: Purchase sewing materials and cloth   Currency Exchange Loss: N/A
      Default Protection: Covered

There are three borrowers requesting this loan. They all live in Chomkasomroang Commune in Battambang Province.


The leader, Mrs. Sim Savet, 49, is widowed. She is a teacher, as well as a tailor, who works for an orphanage. She receives a salary of a $120 per month. Sometimes she earns additional income by sewing clothes for her neighbors in her house. She lives with two of her children, both of whom are single. Her first daughter works in a hotel; the other daughter is a student. Savet has applied for a loan to purchase sewing materials and cloth for her tailoring business.


The two other borrowers are Mrs. Chan Sokhan who is 58 and a widow, and Mrs. Yeam Sokhan who is 31 and divorced. Mrs. Chan Sokhan sells groceries and is requesting a loan to buy additional groceries for resale. Mrs. Yeam Sokhan sells brooms for income and is requesting a loan to expand her business.





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



About the Country
Country:
Avg Annual Income:$2,600
Currency:United States Dollars (USD)

Brett
Cambridge, Cambridgeshire
United Kingdom

Janet
Cold Spring, NY
United States

Ann
Pointe-Claire, Quebec
Canada

Krishnamurthy
Hamden, CT
United States

Doris
Apex, NC
United States

Angels
Hilliard, OH
United States

Carol
Winter Park, FL
United States

Howard
Forest Hills, NY
United States

Lauren
Forest Hills, NY
United States

Anonymous

Marilyn and Lane
San Diego, CA
United States

Joselyn
New York, NY
United States

Anonymous
Brussels
Belgium

Susan
Sharon, MA
United States

Elizabeth
Consecon, Ontario
Canada

Eileen
La Palma, CA
United States

Jeremy
Jacksonville, IL
United States

Jack
Santa Monica, CA
United States

Sandhya
Plymouth Meeting, PA
United States

Lori
Ottawa, Ontario
Canada

andrew
Brooklyn, NY
United States

bnc-printing.com
Vancouver, WA
United States

Jane
Hamilton, Ontario
Canada

Vella
Calgary, Alberta
Canada

Anonymous

Anonymous

Tom & Tamra
Mobridge, South Dakota
United States

Anonymous

Stephanie
New York, NY
United States

Anonymous

Wonga.com
London, London
United Kingdom

Elaine
Lima, OH
United States

Vernon & Mona
Tucson, AZ
United States
Top Lending Teams for this Group

India
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Team Europe
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Wonga.com
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62 Members

Portland
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121 Members
Status: Paid Back

$950
Loan Request
Pre-Disbursed : Dec 11, 2008
Listed: Dec 18, 2008
Funded: Dec 19, 2008
$950
Paid Back
Ended: Sep 15, 2009
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Journal entries for Sim Savet's 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 (29)
Subject: Loan has been disbursed
Location: Battambang, Cambodia

Thank you for your loan. It has been disbursed to the Sim Savet group, consisting of Sim Savet, Chan Sokhan, Yeam Sokhán by Hattha Kaksekar Limited (HKL), a partner of Save the Children in Cambodia. We are excited to watch this business grow. Over the 8 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
Dec 20, 2008
Comment on this entry
Kiva HelpKiva Repayment Schedule for Sim Savet's Group
  Expected Repayments Actual Repayments Comments
March 2009 $120.00 $120.00 Repayment Received
April 2009 $120.00 $120.00 Repayment Received
May 2009 $120.00 $120.00 Repayment Received
June 2009 $120.00 $120.00 Repayment Received
July 2009 $120.00 $120.00 Repayment Received
August 2009 $120.00 $120.00 Repayment Received
September 2009 $120.00 $120.00 Repayment Received
October 2009 $110.00 $110.00 Repayment Received