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CEP Fund opens its new branch in Bien Hoa City

On November 24 morning, Capital Aid Fund for Employment of the Poor (CEP Fund) under HCM City Labor Confederation joined hands with Dong Nai Labor Confederation to open Bien Hoa Dong branch at the Vocational Training College No.2, Tan Mai Ward, Bien Hoa City.


 

Granting funds to the members of Tam Hoa ward

  

Reportedly, CEP Fund started its first operation in Dong Nai province (Bien Hoa branch) in December, 2007. Bien Hoa branch has so far provided capital support for nearly 9,500 workers and poor families with nearly VND140 billion in outstanding loans. Bien Hoa Dong branch is the CEP Fund's second branch in Bien Hoa City and the fourth branch in Dong Nai province. This branch is aimed to extend capital support to the poor, making great contribution to the anti-poverty programs in the province.

 

Vice-Chairman of the provincial Labor Confederation Huynh Van Tinh is handling flowers to Bien Hoa Dong branch's employees

 

In the first 5 years of its operation, Bien Hoa Dong branch plans to offer loan products and saving products to 6,000-8,000 poor people with a total capital aid fund of VND20-25 billion.

On this occasion, the Fund provided the capital support worth VND128.5 million for 26 poor households in Tam Hoa ward.

Reported by Nguyen Le, Translated by Minh Minh

Author: phongvien

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