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Hiep
Hiep, 46, lives in a small house in Ho Chi Minh City with his family, including three children and his wife. His wife is a worker for a local factory. Hiep earns money through his business of making stainless steel household products. He would like to get a loan to buy a larger stock of raw materials to increase his production in order to meet his customers' needs. He also hopes his business will ensure that his family members, and especially his children, will have a better education and a better future.

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.

Tags

About Vietnam

  • $725
    Average annual income
  • 82
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 21,088.1
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Hiep to buy materials to produce stainless steel household items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014