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Chau

Update on Chau

Chau is requesting a new loan of 15,000,000 VND from CEP to buy a greater quantity of food to stock her general store. Her previous loan enabled her to expand her store and earn a higher income to help her support her family. She feels purchasing this food will help her to better meet demand from her customers.


Chau hopes that her new loan will assist her to attract new customers and increase her sales. This will help her improve her family’s living conditions.

Previous Loan Details

Chau is a 41-year-old single woman. She lives in Ho Chi Minh City. She has owned a general store that sells a lot of basic commodities in her local community for nearly 15 years. She would like to take a loan to expand her business by buying more goods for resale. She hopes that this will... More from Chau's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Vietnam

  • $725
    Average annual income
  • 130
    View loans »
    Vietnam Loans Fundraising
  • $13,209,000
    Funds lent in using Kiva
  • 20,800.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Chau to buy a greater quantity of food to stock her general store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Chau. It was first posted on Kiva on Jun, 2011. Learn More