Update on NoNo has already successfully borrowed from a Kiva partner, and would like a new loan so he can further expand his business. He buys fertilizer to resell, and the loan will enable him to buy fertilizer from different suppliers in demand by his customers.
No's previous loan enabled him to create a higher income to support his family. He hopes that this new loan will help him to attract new customers, increase his sales and help him to grow his business. He wants to increase his income and improve his family's living conditions.
Previous Loan DetailsNo, 56, is married and has three children: one son and two daughters. He lives with his family in Ho Chi Minh City. He and his wife earn an income selling chemical fertilizers in their store. No started this business five years ago. This helps him to cover family expenses and his children's s... More from No'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
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Success!! The loan was 100% repaid
- Repayment Term
- 11 months (Additional Information)
- Repayment Schedule
- Jan 24, 2013
- Feb 4, 2013
- Currency Exchange Loss:
- Nov 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.