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Hong
Hong is a 59-year-old married woman with six sons and one daughter. She lives with her children and husband in a small house in Ho Chi Minh City.

She and her husband have run a food stall in front of their house for the past ten years. They sells soups and noodles to people in their community.

Hong would like to receive a loan to expand her business by purchasing more furniture, cooking appliances, and good-quality food from wholesalers. She hopes that this will enable her to increase the turnover of her business, earn a higher income and improve her family's living conditions.

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
  • 70
    View loans »
    Vietnam Loans Fundraising
  • $12,930,950
    Funds lent in using Kiva
  • 20,890.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Hong to expand her food business by purchasing furniture, cooking appliances, and good-quality food.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2011
Listed
Oct 21, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012