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Update on Hoa

Hoa is requesting another loan to expand her business by buying more different beverages to stock and to better satisfy her customers.

She hopes her business runs smoothly and will generate a higher income to assist her in improving her family's living conditions and in sending her children to school.

Previous Loan Details

Hoa is 57 years old and married with 2 sons. She and her husband support their family by running a beverage store in the local community, which they have done for five years. Hoa would like to borrow a loan to buy a greater quantity and variety of beverages to sell from her store. She hope tha... More from Hoa'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
  • 102
    View loans »
    Vietnam Loans Fundraising
  • $14,749,225
    Funds lent in using Kiva
  • 21,030.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Hoa to buy a greater variety of beverages to sell from her store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jun 6, 2013
Jun 23, 2013
Currency Exchange Loss:
Apr 16, 2014
This photo was used before for a previous loan for Hoa. It was first posted on Kiva on Sep, 2012. Learn More