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Hien

Update on Hien

Hien is requesting a new loan to buy hairdressing equipment and related supplies, and cosmetics, so she will be equipped to provide her customers with good-quality services. Hien's previous loan enabled her to expand her business and earn a higher income to support her family. She hopes that another loan will assist her to attract new customers and increase her sales. She also hopes that, through the loan, she can increase her income and improve her family's living conditions.

Previous Loan Details

Hien, 23, is married and has been supporting her family by operating a beauty shop in the local community. Her husband earns money by working as a driver. She lives with her son and husband in Ho Chi Minh City. Hien has been in business for ten years. She plans to use this loan to buy new… More from Hien'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
  • 26
    View loans »
    Vietnam Loans Fundraising
  • $12,532,400
    Funds lent in using Kiva
  • 20,829.7
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Hien to buy new hairdressing tools, cosmetics, and supplies, such as shampoo, dye, and nail polish.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 15, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Hien. It was first posted on Kiva on Mar, 2012. Learn More