Vinh is 49 years old and lives in Cho Town with her husband and two children, both of whom are married. Her husband and her children all work, and she contributes to the family income by running a store. She has been in this line of work for five years and earns about 6,000,000 Vietnamdong (VND) a month. She is applying for her sixth loan, for 9,632,000 VND, to buy foodstuffs, drinks, dairy products and other 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.