Phan is a 62-year-old married woman with two children, a son and a daughter. Her husband works as a driver for hire. Phan lives with her family in a small house in Ho Chi Minh City. She has run a business of selling fruits for twenty years.
She would like to receive a loan to expand her business by purchasing a greater quantity and quality of fruits, such as mangoes and papayas at wholesale prices to better serve her customers. She hopes that this will enable her to increase the turnover of her business, earn a higher income and improve her family's living condition.
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.