Ty was born in 1981. She has three children. They are learning at secondary school and primary school. Ty and her husband sell plastic bags in the market. His monthly income is 4,500,000 VND. She has done her job for nine years. Her income is about 5,000,000 VND per month. Her family’s total earnings are approximately 9,500,000 VND per month.
Ty has participated in the Center of Small Enterprise Development Assistance (SEDA) credit program since 2007. In the last cycle, she borrowed 9,632,000 VND and repaid the loan on time.
In this loan cycle, Ty would like to borrow 10,080,000 VND to make plastic bags and plastic furniture to sell. She always wants to enlarge her workshop and she can use the profit from the sales to pay 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.