Duc is a 50-year-old, married man, who has a son and a daughter. He lives with his family in Ho Chi Minh City. Duc earns money by working as a turner; he has run his turning shop for thirty years. ["Turning" is a metal cutting process for producing a cylindrical object.]
Now, Duc would like to take a loan to invest in his business. He plans to use this loan to buy tools and materials for his turning shop, so he will be able to serve more customers. He hopes that through the investment of this loan, he will be able to increase the sales of his business. This will enable him to increase his income and improve his living conditions.
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.