Phuoc, 43, is married and has been supporting his family by operating a metalworking business. He lives with his two sons and wife in Ho Chi Minh City. His wife is a laundry woman.
Phuoc has been in his business for fifteen years. He plans to use this loan to buy a new metalworking machine. In the future, he would like to expand his business and improve his family's 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.