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Update on Yen

Yen would like to take another loan to buy ingredients to make cakes to sell in her store. Her previous loan enabled her to increase her sales and earn a higher income to support her family.

Yen believes that another loan will assist her in increasing the size of her business. This will enable her to attract new customers and increase her sales. She also hopes that through the loan she can increase her income and improve her family's living conditions.

Previous Loan Details

Yen is requesting a new loan to buy ingredients to make many kinds of cakes to sell at her store. This purchase will help her to better meet the needs of her customers. Her previous loan enabled her to improve her business and offer her customers a greater variety of cakes. She hopes that her new... More from Yen'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
  • 126
    View loans »
    Vietnam Loans Fundraising
  • $15,355,950
    Funds lent in using Kiva
  • 20,811.8
    Vietnam Dong (VND) = $1 USD