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Quang
Quang, 34, is married and has a daughter. He lives with her family in Ho Chi Minh City. His wife is a worker at a factory in the local community. He supports his family by running a shop at his house to make different kinds of iron products such as screws and hinges.

He started this business four years ago. He is requesting a loan to expand his business by buying a greater quantity of iron pieces to increase his production.

He hopes his business runs smoothly and will generate a higher income to assist him in improving his family's 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
  • 131
    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 $725 helped Quang to buy a greater quantity of iron pieces to increase his production of iron products such as screws and hinges.
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