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Thao is 44 years old. He is married and has been running a business recycling waste paper since 2008. He and his wife started this business to cover their expenses and raise two children. They live in Ho Chi Minh City.

Thao is requesting a loan to be able to expand his business and enable him to purchase, recycle, and resell a greater quantity of waste materials. He hopes that this loan will help him increase the turnover of his business. He also hopes he will be able to expand this business and have money to reinvest in his 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
  • 185
    View loans »
    Vietnam Loans Fundraising
  • $14,187,975
    Funds lent in using Kiva
  • 20,820.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Thao to purchase a greater quantity of waste materials to recycle and resell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 25, 2012
May 13, 2012
Currency Exchange Loss:
Feb 15, 2013