Mrs. Ngu is 53 years old. She has two children. They are both adults. She is a carpenter for a studio. She earns 4,200,000 VND a month.
She has participated in the credit program of SEDA since 2009. The last cycle, she borrowed 7,392,000 VND and repaid this loan on time.
In this loan cycle, she wants to borrow 9,184,000 VND to enlarge her own carpentry studio. Then she hopes her business could get enough money for her children’s education fees.
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.