Hoa was born in 1950. She has a daughter and a son. Her daughter has gotten married. Her son is learning at the University of Information Technology. Her husband is a guard to earn a living. His income is about 4,000,000 VND per month. Hoa sells groceries and earns about 5,000,000 VND per month. She has done this job for five years. Besides that, she also is a farmer. Her family’s total income is about 9,000,000 VND per month. Her challenge in work is a lack of capital to expand her grocery store and pay for her children’s education. She is a hardworking woman. She has participated in SEDA’s credit program since 2011. In the last loan cycle, she borrowed 6,758,000 VND. In this loan cycle, she wants to borrow 8,066,000 VND to buy beer, beverages, biscuits and noodles for her grocery store.
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.