Summary

Established in 1991 under the auspices of the Labor Confederation of HCMC, CEP is registered as a Vietnamese NGO. Its primary mission is pro-poor social development, with the provision of microfinance products and services as its key approach.

Description

Capital Aid Fund for Employment of the Poor (CEP). Established in 1991 under the auspices of the Labor Confederation of HCMC, CEP is registered as a Vietnamese NGO. Its primary mission is pro-poor social development, with the provision of microfinance products and services as its key approach to poverty reduction. CEP had seven fully functioning branches prior to the start of the AusAID expansion project in July 2001, based on a well rehearsed model of poverty targeting and a set of three basic loan products distinguished by frequency of repayment (daily, weekly and monthly). At that time CEP did not offer its clients a voluntary savings product. All savings mobilised were on the basis of compulsory savings, which CEP used as a form of loan repayment default risk management instrument.

[PDF 445kb]">Capital Aid Fund for Employment of the Poor (CEP) - Independent Completion Report
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[WORD 2840kb]">Capital Aid Fund for Employment of the Poor (CEP) - Independent Completion Report
[WORD 2840kb]