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Duc
Duc is 55 years old and married with five children. He lives with his family in Ho Chi Minh City. His wife earns an income by sewing. Duc has been working on mending the punctures of auto tires and selling auto tires for 31 years.

He intends to take a loan to gradually expand his business by buying auto tires for selling to meet his current customers' needs and to attract more new customers. He hopes his business runs smoothly and will help him to 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

  • $5,600
    Average annual income
  • 155
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 21,236.8
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Duc to buy auto tires to sell to meet his current customers' needs and to attract more new customers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2013
Listed
Jul 12, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014