Nhan is 35 years old and is single. Nhan has been running a beauty salon from his house for eight years. He started this business to cover his expenses. He lives in Ho Chi Minh City.
Nhan is requesting a loan to expand his business by buying a hair drying/setting machine to better meet his customers' demands. He hopes that this will enable him to attract more customers and that he will be able to increase the turnover of his business. He hopes that through the loan he will be able to expand his business activities, and have money to reinvest in his 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.