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Hong
40-year-old Hong lives with her husband in Ho Chi Minh City. The couple have two children, one son and one daughter. Her husband earns an income by cutting glass and copper.

Hong has tried to support her family by selling food and fruit juice for six years. This work provides her and her family with a daily income to meet the family's' basic living expenses.

Hong would like to take out a loan to expand her business by purchasing a larger quantity of food to sell to her customers, and by buying new furniture for her stall. She hopes that through the loan she will be able to increase her income, improve the living conditions of her family, and save for her children's education.

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

  • $5,600
    Average annual income
  • 187
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 20,880.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Hong to purchase a larger quantity of food to sell to her customers, and buy new furniture for her stall.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2011
Listed
Oct 21, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012