Bao is 60 years old and married with three children.
Bao and his wife earn a living selling coffee and beverages, which they have done for the last 6 years. Bao would like to take loan to buy a greater variety and quantity of coffee and beverages to sell. He hopes this will enable him to better meet the needs of his customers and increase the turnover of his business. He also hopes that through the loan his business will generate a higher income and will help him to improve his family's living conditions and enable him to set aside some savings.
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.