Nam was born in 1958. She has three children who are at college. Her husband is a farmer. His income is 2,000,000 VND per month. To earn a living, Nam cooks food to sell as breakfast meals in the market. She has done her job for 11 years. Her income is about 3,000,000 VND per month. Her family’s total earnings are about 8,000,000 VND per month.
She has participated in SEDA's credit program since 2008. In the last cycle, she borrowed 9,184,000 VND and repaid the loan on time. In this loan cycle, she would like to borrow 9,632,000 VND to buy ingredients to make food for her food stall. She always wants to earn more money for her family’s income so that she can help her children have good careers.
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.