Bear Stearns vs. Vuth Sem

Roman Stanek — Sat, 22 Mar 2008 14:20:00 +0000

(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?page=businesses&action=about&id=13041

Vuth Sem, Entrepreneur

Roman Stanek — Fri, 13 Jul 2007 18:03:00 +0000

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…

Roman Stanek's Push-Button Thinking » loan

Bear Stearns vs. Vuth Sem

Vuth Sem, Entrepreneur