Phuong is 50 years old and is single. She has been running a food stall and general store in front of her door, for eight years. She started this business to cover her expenses. She lives in Ho Chi Minh City.
Phuong is requesting a loan, which she will use to expand her business by offering more kinds of dishes. For example, she plans to offer beef noodles and crab noodles. She thinks that she will be able to increase the turnover of her business.
She hopes that, through the loan, she will be able to expand her business activities, and have money to reinvest in her business in the future.
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.