Xuan is 33 years old with 3 children, two of them are at secondary school. Ms Xuan has had a shop that sells fresh fruits wholesale in a local market for 3 years.
In 2008 she received her first loan and invested in buying fruits from a wholesale seller. Year by year, with her savings and bigger loan amounts borrowed from SEDA, she became a wholesale supplier for a smaller merchant. During her participating in the micro credit program, she has used loans effectively and also repaid very well. She hopes to borrow 9,814,000 VND in this new loan cycle.
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.