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Huyen

Update on Huyen

Huyen is asking for a new loan to buy a range of new products, such as food and beverages, to stock her general store. This loan will help her to meet the needs of her customers better.

Huyen's previous loan enabled her to improve her business, and offer her customers a greater variety of products. She hopes that her new loan will help her to increase the size of her store and increase sales, which will also help her to improve her living conditions.

Previous Loan Details

Huyen is 38 years old and is married. She has two children and lives with them and her husband in Ho Chi Minh City. Huyen and her husband have run a general store at their house for ten years. She sells milk, beverages, stationery, confectionery, etc. She intends to use her loan to buy many ki... More from Huyen'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

  • $5,600
    Average annual income
  • 116
    View loans »
    Vietnam Loans Fundraising
  • $14,461,025
    Funds lent in using Kiva
  • 20,824.7
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Huyen to buy stocks for her store, such as food and beverages.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Huyen. It was first posted on Kiva on May, 2012. Learn More