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Phuong
Phuong, 49, is divorced and has one son and one daughter. She lives with them in Ho Chi Minh City. Phuong supports her family by running a general store. She started this business 30 years ago. She sells cosmetics, toothpaste, and many kinds of food to people in her community. She is requesting a loan to expand her business by buying a greater variety of items, such as cosmetics, milk, cheese, pies, and soft drinks to stock her store and better satisfy her customers. She hopes her business runs smoothly and generates a higher income to assist her in improving her family's living conditions and sending her children to school.

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
  • 82
    View loans »
    Vietnam Loans Fundraising
  • $14,427,750
    Funds lent in using Kiva
  • 20,824.8
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Phuong to buy a greater variety of items, such as cosmetics, milk, cheese, pies, and soft drinks to stock her store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013