Phuong was born in 1973. She has a son who works and a daughter who attends secondary school. Her husband sells fish. His income is about 5,000,000 VND per month. Phuong has helped her husband sell fish and seafood at a market for ten years. Each month, she earns about 5,000,000 VND. The total income of her family is about 10,000,000 VND.
Phuong has taken part in the microfinance program from SEDA since 2005. The last cycle, she borrowed 9,810,000 VND and repaid the loan on time. In this loan cycle, she wants to borrow about 11,118,000 VND to sell more crabs and fish in her store. She always wants to enlarge her business in the market.
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.