The mission of CEP is to work with, and for, the poor and poorest to realise sustained improvements in well-being, through the provision of microfinance and complementary non-financial services in an honest, efficient and sustainable manner.
Contexte et principaux défis:
CEP is a non-profit institution founded by the Labour Confederation of Ho Chi Minh City to create employment and income-generating opportunities for poor families through the provision of credit. CEP operates in Ho Chi Minh City and in the surrounding provinces of Southeastern Vietnam and the ... En savoir plus
CEP is a non-profit institution founded by the Labour Confederation of Ho Chi Minh City to create employment and income-generating opportunities for poor families through the provision of credit. CEP operates in Ho Chi Minh City and in the surrounding provinces of Southeastern Vietnam and the Mekong Delta. CEP is looking to further expand its operations to serve the poor in the provinces outside Ho Chi Minh City and faces the challenge of securing funding to establish new branches and finance on-lending activities. Cacher
CEP’s core microfinance program offers its clients two savings products and two loan products, which due to the high level of poverty among clients are used for income-generation. The two loan products differ primarily with respect to the frequency of loan repayments and are hence designated as ... En savoir plus
CEP’s core microfinance program offers its clients two savings products and two loan products, which due to the high level of poverty among clients are used for income-generation. The two loan products differ primarily with respect to the frequency of loan repayments and are hence designated as weekly and monthly. The weekly loan product is targeted at unsalaried labourers with variable and infrequent incomes and the monthly loan product at workers who receive a monthly salary, but are in need of further income to supplement their salaries. Each of these loan products provides clients with capital to invest in a micro-enterprise that in turn enables the client to improve their well-being by facilitating sustainable increases in household income. CEP also offers two additional loan products, a housing improvement loan and a small business loan, but these products constitute only a very small part of CEP’s loan portfolio and are tied to specific projects.
CEP provides the following financial products:
• Two basic income generating loan products: a weekly loan; and a monthly loan.
• Two savings products: compulsory savings tied to CEP credit; and a voluntary savings product.
• A housing improvement loan.
• A small business loan for the development of small enterprises operated by low-income households.
In addition, CEP provides the following non-financial services, which are intended to enhance the impact of CEP’s microfinance program on reducing client poverty:
• Dissemination of educational materials on individual and community health and sanitation.
• Financial education training to CEP clients, focusing on budgeting and saving.
• Education scholarships to the children of clients at risk of leaving school before the age of 15.
• Livelihood development programs for clients unable to meet their basic needs.
• Provision of housing for clients that do not have access to adequate shelter.
• Immediate financial assistance to clients experiencing difficulties. This includes assistance to clients and their immediate families to pay for emergency medical treatment and funeral costs.
• Provision of basic foods and goods. This consists of the provision of packages of rice, cooking oil and other basic necessities for client families. Cacher
(1) Financial education training; (2) Education scholarships; (3) Livelihood development programs; (4) Provision of housing for clients without access to adequate shelter; (5) Financial assistance to clients experiencing difficulties.
MFI Report
