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Hung
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.

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
  • 29
    View loans »
    Vietnam Loans Fundraising
  • $12,527,475
    Funds lent in using Kiva
  • 20,820.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Hung to buy ingredients to make more kinds of porridge and sweets and also to repair his house.
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