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Phuong
Phuong is a 23-year-old married woman living in Ho Chi Minh City. She has one daughter. She and her husband earn a living running a general store, which they have done for several years.

Phuong would like to take a loan to buy a greater variety and quantity of basic goods, such as snack foods and confectionery, to stock her general store. She hopes this will enable her to better meet the needs of her existing customers and attract additional customers. She also hopes that through the loan, her business will generate a higher income and will help her to improve her family's living conditions and enable her to save money to meet any future difficulties.

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.

About Vietnam

  • $725
    Average annual income
  • 23
    View loans »
    Vietnam Loans Fundraising
  • $12,540,600
    Funds lent in using Kiva
  • 20,933.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Phuong to buy a greater variety and quantity of basic goods, such as snack foods and confectionery.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014