Hung is 41 years old and has two children. He lives with his family in Ho Chi Minh City. His wife helps him run a food stall in front of their house. He sells sweetened porridge for the people in his community. He has run this business for twenty years. He started this business to cover his expenses and raise his two children.
Hung is requesting a loan to expand his business by buying ingredients to make more kinds of porridge and sweets, and he also would like to use part of the loan to repair his house.
He hopes that through the loan he will be able to expand his business activities and have money to reinvest in his business in the future.
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.