Yen was born in 1984. She has two children who are one and five years old. Her husband is a phone repairman. His income is about 3,000,000 VND. Yen sells phones and electrical machines to earn a living. She makes 3,500,000 VND a month. Yen has participated in SEDA's credit program since 2009. In the last cycle she borrowed 8,736,000 VND and repaid the loan on time. In this loan cycle, she would like to borrow 9,632,000 VND to buy phones and rice cookers to sell in her store. She wants to use her profits to enlarge her phone store and raise her children well.
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.