Capital Aid Fund for Employment of the Poor (CEP)


Last updated March 20, 2013

Partner Description:

Capital Aid Fund for Employment of the Poor (CEP) is a non-profit microfinance institution founded by the Labour Confederation of Ho Chi Minh City in 1991 to create employment and income-generating opportunities for families living in poverty. CEP offers its clients several basic credit and savings products, which are supplemented by programs that provide additional support for these families.


CEP’s core microfinance program offers clients two savings products and two loan products that are used for income-generation. The two loan products are structured for weekly or monthly repayment schedules.


The weekly loan product is targeted at unsalaried labourers with variable and infrequent incomes, while the monthly loan product is tailored to workers who receive a monthly salary but are in need of further income to supplement their income. Both loan products provide clients with capital to invest in micro-enterprises. This investment facilitates sustainable increases in the household income of clients, which, in conjunction with CEP’s financial education programs, can greatly increase the clients’ overall economic well-being.


There are two additional loan products CEP offers its clients: a housing improvement loan and a small business loan. However, these products constitute a very small part of CEP’s loan portfolio and are tied to specific projects.

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CEP also provides many non-financial services, which are intended to enhance the impact of CEP’s microfinance program. The first focuses on immediate assistance to clients who are experiencing difficulties, including emergency medical treatments or funeral costs. The organization als provides housing, food and other goods in these instance.

Its second non-financial program focuses on training the communities and individuals that CEP serves. These educational offerings cover health and sanitation, financial literacy with an emphasis on budgeting and saving, and scholarships for children of

clients at risk of leaving school before age 15.

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Awards and honors:

In 1998, the government of Vietnam awarded CEP a Third Class Labour Medal for its significant contribution to poverty reduction in Ho Chi Minh City. In 2001, CEP was awarded a Second Class Labour Medal. Most recently, in 2011, it won the First Class Labor Medal for its efforts.



Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 15, 2011 Oct 12, 2005
Total Loans $2,083,150 $575,063,750
Amount of raised Inactive loans $0 $304,725
Number of raised Inactive loans 0 278
Amount of Paying Back Loans $721,700 $119,196,175
Number of Paying Back Loans 763 125,162
Amount of Ended Loans $1,361,450 $455,562,850
Number of Ended Loans 1,921 580,593
Delinquency Rate 0.19% 3.45%
Amount in Arrears $649 $2,701,152
Outstanding Portfolio $350,009 $78,368,672
Number of loanDelinquent 3 11,379
Default Rate 0.01% 1.08%
Amount of Ended Loans Defaulted $85 $4,937,756
Amount of Ended Loans $1,361,450 $455,562,850
Number of Ended Loans Defaulted 1 15,266
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.00% 0.78%
Amount of Refunded Loans $0 $4,479,350
Number of Refunded Loans 0 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 87.59% 74.23%
Average Loan Size $725 $419
Average Individual Loan Size $733 $657
Average Group Loan Size $4,004 $1,824
Average number of borrowers per group 6.5 8
Average GDP per capita (PPP) in local country $725 $3,440
Average Loan Size / GDP per capita (PPP) 99.94% 12.17%
Average Time to Fund a Loan 2.14 days 5.51 days
Average Dollars Raised Per Day Per Loan $338.22 $75.90
  Average Loan Term 9.14 months 10.24 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 869 286,267
  Journaling Rate 43.47% 42.42%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.94

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 22.00% 22.00% 33.54%
  Profitability (return on assets) 8.7% 7.2% -1.15%
  Average Loan Size (% of per capita income) 17.20% 11.00% 41.59%

Country Fast Facts

Field Partner Staff

CEP Administration
Kim Loan
Phi Oanh