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Lam's Group
In this Group: Lam, Mi, Thanh, Truyen, Oanh, Dao, Hoang
Lam is 32 years old and lives with his children and wife. For the past 10 years he has been running a shop making iron doors in order to support his family. The leader of a seven-member loan group whose members live in Ho Chi Minh City, Lam is shown in the middle of the photo, wearing a white shirt.

Each of the other group members is requesting loans to fund income-generating activities in order to better support their families. Lam is requesting one to purchase a stronger motorcycle to help him transport his products to his customers. He hopes this will enable him to better meet the needs of his customers and attract additional ones. Lam also hopes it will help him to increase his income and save money for any future difficulties facing his family.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Vietnam

  • $725
    Average annual income
  • 23
    View loans »
    Vietnam Loans Fundraising
  • $12,532,400
    Funds lent in using Kiva
  • 21,098.9
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Lam's Group's $4,175 loan helped a member to buy a motorcycle to transport his products to customers.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2014
Listed
Apr 15, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015