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Hong
Hong, 38, is married and has one son. She lives with her family in Ho Chi Minh City. Her husband supports their family by running a cafe. Hong earns a living running a general store in front of her house. She started this business ten years ago. She sells many items to people in her community.

She is requesting a loan to expand her business by buying a greater variety of products such as socks, tobacco and chewing gum to stock her store and better satisfy her customers. She hopes her business will run smoothly and will generate a higher income to assist her in improving her family's living conditions and to set aside some money for facing difficulty 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
  • 82
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 20,824.8
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Hong to buy a greater variety of products such as socks, tobacco and chewing gum to stock her general store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013