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Phung is 55 years old and married with three sons. She has been running a general store in front of her door for three years. She started this business to cover her expenses and raise her children. She lives with her family in Ho Chi Minh City. Her husband supports the family by selling second-hand electrical appliances.

Phung is requesting a loan to expand her business by purchasing more household items and beauty products so that she will be able to increase the turnover of her business.

She hopes that through the loan, she will be able to expand her business activities and have money to reinvest in her business in the future.

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
  • $14,461,025
    Funds lent in using Kiva
  • 20,715.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Phung to purchase more household items and beauty products to sell from her store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 11, 2012
Apr 21, 2012
Currency Exchange Loss:
Feb 15, 2013