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Yen

Update on Yen

Yen is requesting a new loan to buy ingredients to make many kinds of cakes to sell at her store. This purchase will help her to better meet the needs of her customers. Her previous loan enabled her to improve her business and offer her customers a greater variety of cakes. She hopes that her new loan will assist her in increasing the size of her store and increase sales, and will also help her to improve her living conditions.

Previous Loan Details

Yen is 48 years old and is married. She has two sons and lives with them and her husband in Ho Chi Minh City. Yen and her husband earn an income by making and selling many kinds of cakes. They started this business eleven years ago. Yen requires a loan to purchase a wide variety of cake frames... More from Yen's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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 $725 helped Yen to buy good ingredients to make many kinds of cakes for selling at her store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2012
Listed
May 19, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Yen. It was first posted on Kiva on Aug, 2011. Learn More