Hoa is 33 years old and has three children. Two of them are studying at school while the youngest one is still learning at kindergarten. She and her husband earn a living as carpenters. Her husband earns about 4,000,000 VND and Hoa earns about 3,000,000 VND per month. Her family’s total earnings are about 7,000,000 VND per month. Hoa’s challenges in life and work are lacking capital to invest in her business and lacking money to raise her children well. Her dream is to have more money to expand her carpentry workshop. This loan is one step toward reaching this dream. She can invest in her store to gain earnings and save the profit for her children’s education. Hoa is a hard-working woman and a passionate business owner.
She has participated in SEDA's credit program since 2009. In her last loan cycle, she borrowed 6,496,000 VND. Now, Hoa would like to borrow 7,392,000 VND to buy more wood for her family’s carpentry workshop 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.