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Phuong
Phuong is a 33-year-old married man with one son. He lives with his family in Ho Chi Minh City. Phuong earns money with the business of repairing motorcycles and selling parts. He has been involved in this business for ten years. Now, Phuong would like to take a loan to invest in his business. He plans to use this loan to buy motorcycle parts to stock his store and to serve more customers. He hopes that through this loan, he will be able to increase the turnover of his business. This will enable him to increase his income and improve his 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
  • 78
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 21,030.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Phuong to buy motorcycle parts to stock his store and to serve more customers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014