Cuong, a 57-year-old married man, lives in Ho Chi Minh City. He and his wife run a business that sells and processes motorbike spare parts to people in their local community.
Cuong requests a loan to purchase more motorbike spare parts. That will enable him to offer a better range of products and services to his customers. He hopes his business will run smoothly and he can earn additional income to reinvest in his shop and save for emergencies.
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.