Ly is 50 years old. She has two children. She is a building worker and a farmer who raises pigs to sell. She earns from it 4,500,000 VND a month. She has participated in SEDA's credit program since 2010. The last cycle, she borrowed 6,944,000 VND and repaid the loan on time. In this loan cycle, she wants to borrow 8,288,000 VND to upgrade her pigsty and hen-coop. Then, she hopes her business brings in 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.