Microfinance is the provision of some small, simple financial and banking services to low-income households and individuals, especially poor households and the poor.
Microfinance is the provision of some small, simple financial and banking services to low-income households and individuals, especially poor households and the poor.
Capital aid for Employment of the Poor Microfinance Institution is established by Ho Chi Minh City’s Confederation of Labor and officially approved by Ho Chi Minh City’s People’s Committee on 2/11/1991. CEP operates as a non-profit institution with the mission of working for the low-income workers and poor laborers. of the community to sustain improvements in well-being, through the provision of microfinance and complementary non-financial services in an honest, efficient, and sustainable manner.
CEP serves the low-income workers and poor laborers. of the community, with at least 80% of first-time clients in the poor and poorest categories according to CEP's poverty classification.
CEP's goal is to ensure social security for low-income people in Vietnam through practical and effective products, financial services, and community development programs.
To receive loans, clients are required to supply:
An exceptional value in CEP activities with the aim of supporting customers to make use of their loans, improve financial literacy, overcome difficulties and ensure well-being. Since 2008, CEP has supported more than 1.4 million low-income households with a budget of over 261 billion VND.
Provide for loan customers in the poorest conditions and meet some specific criteria.
CEP serves our clients through 2 models: cluster leaders in residential areas and collaborators in working units:
