As a worker working at a company in My Tho ward (Dong Thap province), Mr. Nguyen Duc Thuan - said that external credit packages have very high interest rates. Thanks to the trade union's introduction, he accessed and borrowed credit packages from the CEP Microfinance Organization with low interest rates.
I borrowed 15 million VND from CEP Microfinance Organization My Tho Branch to upgrade and prevent flooding of my current house. I do not have to mortgage any assets, just need to carry out procedures through the trade union or local authorities' introduction to borrow. Thanks to the simple procedure, I can easily access loans when needed" - Mr. Thuan said.
Mr. Nguyen Thanh P (resident in My Tho ward, Dong Thap province) - said that before, because he needed money, he borrowed through an app on social networks at high interest rates. "When I knew it was black credit, I tried to pay off this debt. Being informed and introduced by the local government and the grassroots trade union of the ward where I reside about the credit package of the CEP Microfinance Organization My Tho Branch lending at low interest rates, I borrowed to make capital for fruit trading business. Up to now, life is also temporarily stable, just enough to live on and have money to raise 2 children to study," Mr. P shared.
Mr. Nguyen Hai Trieu - Director of CEP My Tho Branch - informed that from the beginning of 2025 to October 31, 2025, CEP Microfinance Institution (My Tho, Chau Thanh, Sa Dec, Cao Lanh Branch) disbursed 439.81 billion VND for 23,304 employees and laborers to borrow. Of which, 79.678 billion VND was disbursed for 3,179 employees to borrow.
According to Mr. Trieu, with the above loan demand data, it has been assessed that the number of loans for workers is still very large, especially in the context of increasing living costs and life still facing many difficulties. Capital from CEP not only helps them cover essential expenses but also contributes to improving livelihoods such as small business, house repair,...
“We implement a strict appraisal process, coordinate with grassroots trade unions and local authorities to identify the right subjects. In addition, CEP microfinance organization also focuses on advising borrowers on how to use capital effectively, avoid risks and limit bad debt generation. In particular, CEP loans have reasonable interest rates, simple procedures, helping workers not have to resort to black credit,” Mr. Trieu said.
