Thuy was born in 1978. She has three children. The youngest one is in the 3rd grade. The middle one is in the 7th grade. The oldest one is in the 10th grade. Her husband is a welder. Thuy raises pigs for a living and earns 3,000,000 VND per month. The total earnings of her family are about 7,500,000 VND per month. She has taken part in the credit program of SEDA since 2011. Last cycle, she borrowed 5,152,000 VND and repaid this loan on time. In this loan cycle, she wants to borrow 7,392,000 VND to enlarge her farm of pigs. Then, she hopes her business can bring in enough money to pay for her children’ 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.