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Dieu

Update on Dieu

Dieu is requesting a new loan to buy a refrigerator, new furniture, and a stand umbrella. This purchase will help him to better attract and satisfy his customers. His previous loan enabled him to improve his business. Dieu hopes that his new loan will help him increase the size of his food stall and increase sales, and will also help him to improve his living conditions.

Previous Loan Details

Dieu is 58 years old and married with three children. He lives with his family in Ho Chi Minh City. He and his wife earn their income from selling soft drinks from their stall. Dieu started his business ten years ago. He intends to take a loan to gradually expand his business by buying a var... More from Dieu's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Vietnam

  • $5,600
    Average annual income
  • 89
    View loans »
    Vietnam Loans Fundraising
  • $14,461,025
    Funds lent in using Kiva
  • 21,061.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Dieu to buy a refrigerator, new furniture, and a stand umbrella.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2014
Listed
Jan 14, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014
This photo was used before for a previous loan for Dieu. It was first posted on Kiva on Apr, 2013. Learn More