Hong is 35 years old. He lives in An Ninh village with his wife and three children. His children are still small. His wife is a farmer and he is businessman. He sells clothes in the market and he has had this job for four years. He has a monthly income of about 6.000.000 Vietnamdong(VND).
Since 2009 he has participated in SEDA. The last time he borrowed 6.944.000 VND and repaid this loan punctually. In this loan cycL., he would like to borrow 9.184.000 VND to buy more new clothes to resell.
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.