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Nhu
Nhu is a 38-year-old married man with two children. He lives with his family in Ho Chi Minh City.

For the past 15 years, Nhu has supported his family by repairing and replacing locks in his local community. Nhu would like to take a loan to invest in his business by buying a greater quantity and variety of locks and new equipment for his business in order to better meet his customers' needs.

Through the loan, he hopes that he will be able to increase his income and set aside some savings.

Additional Information

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.

About Vietnam

  • $725
    Average annual income
  • 57
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 20,830.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nhu to buy new locks and equipment for his lock repairing business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2011
Listed
Sep 20, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012