Phu is a 44-year-old married man living in Ho Chi Minh City. He has two sons. His wife works collecting and selling recycled waste products.
Phu is an electician and he earns a living by selling second-hand televisions and repairing broken televisions for customers in his community. He would like to take a loan to buy old or broken televisions in order to repair them to sell. He hopes that through this loan he will be able to increase the turnover of his business. This will enable him to increase his income, save for the education of his children and improve his family's living conditions.
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.