Monday, November 26, 2007

Update on Vang Neav


Update on Vang Neav
Entrepreneur: Vang Neav
Location: Khsach Kandal district, Cambodia
Amount Repaid: $295.00 of $700.00
http://www.kiva.org/app.php?page=businesses&action=about&id=11496

This entrepreneur is funded by a Kiva loan administered by Maxima Mikroheranhvatho Co., Ltd. here in Cambodia. Vang lives on the shore of the Mekong River east of Phnom Penh. This is the third loan she has taken out with Maxima. Her loan is being paid off on schedule.

Vang, derives her primary income from making woven fabric and buying fabrics in the village and re-selling them in Phnom Penh. She and her son used the funds from this loan to buy fabrics for resale. She’s been weaving for many years but buying and selling for only three. They buy only within about two kilometers of their village. Her son travels into Phnom Penh about twice a week to sell. Some people bring their fabrics to sell but the son also travels to weavers to buy.

Vang has quite a setup under her house. I counted four looms in the live/work space under the stilt dwelling and all of them were in action. Vang herself was winding thread onto small spools during our interview (see photo). I got the impression she was a smart businesswoman. She asked my loan officer as many questions about me as I did about her businesses and the impact of her loan(s). The whole time she never stopped her focused work.

Longer-term, Vang would like to open a small shop in the village to sell weaving materials to local weavers.

Posted by Darin Greyerbiehl from Khsach Kandal district, Cambodia
Nov 7, 2007

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