Vy was born in 1973 and lives in Nhoi Duoi village with her husband, who works in construction, and her three children. She supplements her family's income by running a hardware store where she earns about 4,000,000 Vietnamese Dong (VND) per month. She joined SEDA in 2007 as a way to improve and expand her business, and has already taken out and repaid her first loan. Now she is applying for a new loan for 8,502,000 VND to buy construction equipment.
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.