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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.

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
  • 80
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 21,177.6
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Phuoc to buy a new machine for his metalworking business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 17, 2013
Currency Exchange Loss:
Sep 17, 2014