Loan, age 55, runs a general store business in front of her home. She has been engaged in this work for 10 years. She and her husband, who works in a bakery, have three sons and one daughter. The family lives in Ho Chi Minh City.
Loan started her venture with the goal of helping to cover household expenses and to generate sufficient income to raise her children. She is requesting a loan in order to expand her business by buying more household items and a greater variety of soft drinks with which to stock her store. She is confident that this will enable her to attract more customers and to increase the turnover of her business.
Through this loan, she intends to expand her business activities and to gain capital, which she will use to reinvest in her 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.