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Phi
Phi is a 47-year-old married man living in Ho Chi Minh City. He has two children. He and his wife earn a living running a general store, which they have done for 30 years.

Phi would like to take loan to buy a greater variety and quantity of basic goods, such as foods and beverages, to stock in his general store. He hopes this will enable him to better meet the needs of his customers and increase the turnover of his business. He also hopes that through the loan, his business will generate a higher income and will help him to improve his family's living conditions and enable him to set aside some savings.

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

  • $5,600
    Average annual income
  • 125
    View loans »
    Vietnam Loans Fundraising
  • $14,491,450
    Funds lent in using Kiva
  • 21,276.6
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Phi to buy a greater variety and quantity of basic goods, such as foods and beverages, to stock in his general store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 16, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015