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.
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.