Xuyen, 41 years old, is married and has three daughters. He and his wife support the family through the income they earn from their general store. They have operated this business for two years and live in Ho Chi Minh City.
Xuyen sells sugar, toys, soft drinks, yogurt and other household items to people in his community. He is requesting a loan to expand his business and to prepare selling goods during the Vietnamese New Year. He will buy a greater variety of products; in particular, rice, sugar and milk. The additional materials will enable Xuyen to increase his sales. He hopes his business runs smoothly and will help him to improve his 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.