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Luc
Luc, 45, is married and has two children. He lives with his family in Ho Chi Minh City. He and his wife started a general store ten years ago, selling instant foods such as noodles and fried potatoes, and households items for people in his community. Luc is requesting a loan to expand his business by buying a greater variety of products to sell in his store and to better satisfy his customers. He hopes his business runs smoothly and will generate a higher income to assist him in improving his 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
  • 78
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 20,803.2
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Luc to purchase instant food and household items to sell in his store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013