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Huu's Group
In this Group: Huu, Hue, Nghi, Nhu, Thu, Thuy, Ha
Huu is a 44-year-old single man who lives in Ho Chi Minh City. He has run a community based flower business for 10 years. Huu is the group leader of a 7 member loan group. The members live in Ho Chi Minh City. He is pictured in the center wearing a black T-shirt. Each of the other group members request loans to fund income-generating activities.

Huu would like a loan to purchase a large quantity and variety of flowers at lower prices from a wholesale flower market and sell them in his store. He hopes this will enable him to better meet the needs of his customers and attract additional customers.

He also hopes that he will be able to increase his income and save money for any future difficulties.

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
  • 127
    View loans »
    Vietnam Loans Fundraising
  • $13,738,050
    Funds lent in using Kiva
  • 21,276.6
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Huu's Group's $3,500 loan helped a member to purchase a quantity and variety of flowers at a special wholesale price.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 20, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015