Check out some available loans that are similar to this one!
Hue

Update on Hue

Hue operates a general store business. She is a previous borrower, and her previous loan enabled her to improve her business and offer her customers a greater variety of products.

She is now requesting a new loan in order to buy a greater variety and quantity of basic goods, such as snack foods and confectionery, with which to stock her general store. Through this loan, she is confident that her business will generate a higher income and will help her to improve her family's living conditions. It will also enable her to save money to meet any future difficulties.

Previous Loan Details

Hue is 51 years old. She is a widow and has one son. She lives with her son in Ho Chi Minh City. She supports her family with the income she earns from her general store, which is located in front of the door of her house. She intends to use her loan to buy more products such as beverages, ... More from Hue'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

  • $725
    Average annual income
  • 123
    View loans »
    Vietnam Loans Fundraising
  • $13,217,675
    Funds lent in using Kiva
  • 20,803.2
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Hue to buy a greater variety and quantity of basic goods, such as snack foods and confectionery, with which to stock her general store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Hue. It was first posted on Kiva on Feb, 2012. Learn More