Ms. Ty is taking a loan out for her son Mung, a student who is studying at Hanoi College for Informatics and Technology. His tuition duration has lasted for 5 years. He will graduate in 2013 with an engineering degree. With the hope of finding a good job, he is studying hard to absorb knowledge.
During his studying, he is confronted with a lot of difficulties in paying fees and buying other supplies. That is why his mother wants to borrow a loan of 7,290,000 Vietnamese dong to solve them.
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.