(NEW YORK The Associated Press): On the verge of a collapse that could have shaken the very foundations of the U.S. financial system, investment bank Bear Stearns Cos. was bailed out Friday by a rival and the federal government.
Foundations of capitalism are shaking but my friend Vuth Sem is fortunately unaware of that. On the same day Bear Stearns signed a merger agreement with JP Morgan Chase in a stock swap worth $2 a share I received the following message from Kiva.org:
Dear Roman Stanek,
We are very pleased to notify you that the business you have loaned to, Motor Taxi service run by Vuth Sem, has repaid the full amount of this loan $300.00. The payment was collected and deposited by Sive Chheng Sreng.
http://www.kiva.org/app.php
Showing posts with label loan. Show all posts
Showing posts with label loan. Show all posts
Saturday, March 22, 2008
Bear Stearns vs. Vuth Sem
Posted by
Roman Stanek
at
7:20 AM
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comments
Labels: Bear Stearns, Kiva, loan, repaid
Friday, July 13, 2007
Vuth Sem, Entrepreneur
A few weeks ago I became a banker and I started to loan money to a group of young entrepreneurs. And Vuth Sem is one of them.
I never met Vuth and I don't think I will ever have a chance to meet him. But I hope my $25 will help him to buy a piece of a new motorcycle. And the new motorcycle will make enough money to repay my loan. And make even more money for Vuth and his family. And if you want to see more people like Vuth to succeed and get out of poverty please join me at Kiva...
Posted by
Roman Stanek
at
11:03 AM
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comments
Labels: Kiva, loan, out of peverty
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