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Xuan Tuan

Update on Xuan Tuan

Tuan would like to take out a further loan to buy some additional new equipment to provide better cleaning services for his customers.

His previous loan enabled him to earn a higher income to support his family. He hopes that another loan will attract new customers and through the loan he hopes that he can increase his income and improve his family's living conditions.

Previous Loan Details

Tuan, a 42-year-old single man, lives in Ho Chi Minh City. He has a cleaning business that cleans vehicles. Tuan requires a loan to purchase better equipment that will enable him to provide better services for his customers. He hopes that better equipment will permit him to work more… More from Xuan Tuan'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
  • 25
    View loans »
    Vietnam Loans Fundraising
  • $12,532,400
    Funds lent in using Kiva
  • 20,800.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Xuan Tuan to purchase better equipment to clean vehicles.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Xuan Tuan. It was first posted on Kiva on Jun, 2011. Learn More