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Nghia
Nghia is a 39-year-old single man. He lives with his mother in Ho Chi Minh city. He supports his family by selling noodles to the people in his local community, which he has done for 10 years.

Nghia would like to borrow a loan to buy a larger quantity and higher quality of foods to sell from his stall. He hopes that through the loan he will be able to increase the turnover of his business. He also hopes his business will run smoothly and he can earn additional income to reinvest in his shop and save for emergencies.

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

  • $5,600
    Average annual income
  • 186
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 20,920.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Nghia to buy a larger quantity and higher quality of foods to sell from his stall.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2012
Listed
Jun 21, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013