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Phuong
Phuong is a 30-year-old married woman with two children, a son and a daughter. Her husband works as a taxi driver. Phuong lives with her family in Ho Chi Minh City. She has run a business of selling sugarcane juice for seven years. She would like to receive a loan to expand her business by repairing the stand from which she sells sugarcane juice and by purchasing glasses to better serve her customers. She hopes that this will enable her to increase the turnover of her business, earn a higher income and improve her 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
  • 67
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 20,834.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Phuong to repair her sugarcane juice stand and to purchase glasses.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2012
Listed
Aug 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013