Update on CuongCuong would like to take out another loan to buy a large quantity of onions to sell. Cuong's previous loan enabled him to increase his sales and earn a higher income to support his family. He hopes that a second loan will both increase sales and the size of his business, as well as attract new customers. He also hopes that through this loan he can increase his income and improve his family's living conditions.
Previous Loan DetailsCuong, 48 years old, is married and has three children; two daughters and one son. Cuong and his wife support their family through the income they earn from cleaning, sorting and preparing spring onion bulbs. They have run this business for five years. They live in Ho Chi Minh City. Cuong int... More from Cuong's previous loan »
About Capital Aid Fund for Employment of the PoorCapital 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
148View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Jan 30, 2013
- Feb 4, 2013
- Currency Exchange Loss:
- Dec 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.