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Update on Nhung

Nhung operates a general store business to earn an income. She is a previous borrower, and her previous loan enabled her to improve her business and offer her customers a greater variety of products.

Nhung is requesting a new loan in order to buy a range of products to restock her store. These will include beverages and a greater quantity of basic products such as snack foods. This purchase will help her to better meet the needs of her customers.

She is confident that her new loan will assist her in expanding the size of her store and increasing sales, and that it will also help her to improve her family's living conditions.

Previous Loan Details

Nhung is a thirty-nine-year-old woman with two children. She lives with her family in Ho Chi Minh City and makes money by running a general store in front of her house. Her husband works as a driver for hire. For the past five years, Nhung has run a general store to cover her family's daily l... More from Nhung's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Vietnam

  • $5,600
    Average annual income
  • 147
    View loans »
    Vietnam Loans Fundraising
  • $16,208,900
    Funds lent in using Kiva
  • 20,837.7
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Nhung to buy beverages and a greater quantity of basic products such as snack foods with which to stock her general store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Nov 20, 2012
Currency Exchange Loss:
Jul 17, 2013
This photo was used before for a previous loan for Nhung. It was first posted on Kiva on Feb, 2012. Learn More