Ha, a 59-year-old unmarried woman, lives in Ho Chi Minh City. She earns an income to support herself by selling many different kinds of rices in front of her house. She has been engaged in this business for seven years.
Ha requires a loan to purchase rice in bulk from wholesalers and to repair her sewing machine to make clothes. She hopes that by buying larger quantities of rice in bulk she will be able to reduce her costs and offer her rice at more competitive prices to her customers. She also hopes to increase her capacity to make and sell clothing by repairing her sewing machine.
Ha hopes that through the loan she will increase the turnover of her businesses, increase her income and save money for any future difficulties.
About Capital Aid Fund for Employment of the Poor
Capital Aid Fund for Employment of the Poor (CEP) is a non-profit Vietnamese microfinance institution that operates in the provinces of southeastern Vietnam and the Mekong Delta. CEP's head office is located in Ho Chi Minh City. This institution’s mission is to work with, and for, the poor and poorest to realize sustained improvements in well-being through the provision of financial and complementary non-financial services in an honest, efficient, and sustainable manner. The non-financial services CEP offers to complement its basic credit and savings products include financial education, raising awareness of health and sanitation issues, and education scholarships for children.