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Cuong
Cuong is a 25-year-old single man. He lives in Ho Chi Minh City. To support his family, Cuong earns an income by selling rice. He started this business two years ago. He would like to take out a loan to expand his current business. With the loan, he will buy more kinds of rice of higher quality that will enable him to attract additional customers. Cuong hopes that, with this loan, his business will generate a higher income and will help him to improve his family's living conditions and enable him to set aside some savings.

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.

About Vietnam

  • $725
    Average annual income
  • 74
    View loans »
    Vietnam Loans Fundraising
  • $12,414,550
    Funds lent in using Kiva
  • 20,833.3
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Cuong to buy more kinds of rice of higher quality to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 2, 2013
Listed
Jan 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013