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Cuong
Cuong, 48 years old, is married and has three children; two daughters and one son. Cuong and his wife support their family through the income they earn from cleaning, sorting and preparing spring onion bulbs. They have run this business for five years. They live in Ho Chi Minh City.

Cuong intends to take a loan to increase his working capital for his current business by buying a larger quantity of onion bulbs to process and resell. The additional capital will enable him to increase his production and sales. He hopes his business runs smoothly and will help him to improve his living conditions.

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
  • 128
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 20,820.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Cuong to buy a larger quantity of onion bulbs to process and resell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2012
Listed
May 19, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013