Ly is 60 years old and lives in the town of Cho with her three children, all of whom are married. She earns a living running a shop where she sells videotapes, DVDs and CDs. She has been in this line of work for five years and earns about 5,500,000 Vietamdong (VND) a month. She joined SEDA in 2007 and has taken out five previous loans which she repaid fully and on time. She is applying for a new loan, for 9,632,000 VND, to buy more items to sell to her customers.
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.