Mrs Lan is 37 years old. She has two children. One child is studying at secondary school, and one is an adult. She is a carpenter. She earns 4,600,000 VND a month from her work. She has participated in the loan program of SEDA since 2009. Last cycle, she borrowed 7,840,000 VND and repaid this loan on time. In this loan cycle, she wants to borrow 8,736,000 VND to enlarge her carpentry business and buy more wood to make stuff. Then, she hopes her business could bring in enough money for her child'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.