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Phuong
Phuong is 27 years old and married. He has two children and lives with them and his wife in Ho Chi Minh city. His wife runs a general store in front of their house and helps him to sell mobile phone cards.

Phuong has been in the business of selling mobile cards for three years. Now he would like to take a loan to buy a greater quantity of mobile phone cards and accessories to sell to his customers. He hopes that through the loan he will be able to generate a higher income and save money to further expand his business.

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
  • 74
    View loans »
    Vietnam Loans Fundraising
  • $12,414,550
    Funds lent in using Kiva
  • 20,810.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Phuong to buy a greater quantity of mobile cards and accessories to sell to his customers.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2012
Listed
Mar 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013