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Update on Huong

Huong earns an income by operating a general store in Ho Chi Minh. She is a previous borrower, and her previous loan enabled her to improve her business and offer her customers a greater variety of products.

Huong is requesting a new loan in order to buy a range of new products, such as food and beverages, to restock her general store. This purchase will help her to better meet the needs of her customers. She is confident that her new loan will assist her in eventually increasing the size of her store and to increase overall sales.

Her goal is to improve her family's living conditions.

Previous Loan Details

Huong is a 45-year-old married woman with two children. She lives with her family in a small house in Ho Chi Minh City. Her husband works in the construction field. Huong has run a general store in front of her house for the past 15 years. She sells instant food, basic goods, and personal item... More from Huong's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Vietnam

  • $5,600
    Average annual income
  • 91
    View loans »
    Vietnam Loans Fundraising
  • $15,310,450
    Funds lent in using Kiva
  • 20,803.2
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Huong to buy a range of new food and beverage products to offer for sale in her store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 31, 2012
Nov 20, 2012
Currency Exchange Loss:
Aug 17, 2013
This photo was used before for a previous loan for Huong. It was first posted on Kiva on Feb, 2012. Learn More