Phuoc is 36 years old and is married with a son. His wife does housework and takes care of their son.
Phuoc has been running a business of processing spare parts for five years. He started this business to cover his expenses and to generate income to raise his child. He lives with his family in Ho Chi Minh City.
He is requesting a loan to expand his business by buying more materials to increase his production of spare parts. He hopes that this will enable him to increase the turnover in his business. He hopes that through the loan he will be able to expand his business activities and have money to reinvest in his business in the future.
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.