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Phung is a 46-year-old married woman with three children. She lives with her husband and children in Ho Chi Minh City. Her husband works in a pottery company.

Phung earns money selling and repairing cellphones. She has been involved in this business for seven years. Phung would like to take a loan to invest in the business. She plans to use this loan to buy and repair a greater quantity of second-hand cellphones and then sell these to her customers.

She hopes that through this loan she will be able to increase the turnover of her business. This will enable her to increase her income and improve her 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

  • $5,600
    Average annual income
  • 88
    View loans »
    Vietnam Loans Fundraising
  • $14,818,000
    Funds lent in using Kiva
  • 21,000.0
    Vietnam Dong (VND) = $1 USD