Luong T. V. is 54 years old with two children. One of them is married and the other has been at vocational school for two years. To have money for him to finish his studies, she opened a small grocery shop right at her house. It developed more and more when she used money that she borrowed from our credit program to buy more new kinds of products to sell. Therefore, she can earn 100,000 VND profit per day.
Currently, her son is going to graduate from school and find a job. She needs to have a loan of 9,374,000 VND to buy him a motorbike.
The Center of Small Enterprise Development Assistance (SEDA) is a non-profit organization whose vision is to create “a society without poverty.” Founded in 2004, SEDA provides microfinance services to low-income and disadvantaged people in rural areas of Hanoi and the northern provinces of Vietnam through its Binh Minh Micro-Finance Program.
You can also join SEDA’s lending team to assist SEDA in continuing to support its portfolio of borrowers.