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Hong
Hong is a 41-year-old woman with two children. She lives with her family in Ho Chi Minh City. She and her husband have been running a business making and selling grass brooms for twenty years. Hong would like a loan to buy a greater quantity of raw materials to make brooms. She hopes this will enable her to meet the needs of her existing customers and to attract additional customers. She also hopes that through the loan her business will generate a higher income to help improve her family's living conditions.

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
  • 67
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 20,933.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Hong to buy raw materials to make brooms.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014