Huong is 40 years old. She has two children. Her son is learning in 10th grade, and her daughter is learning in 8th grade. Her husband is a building manager. His income is 10,000,000 VND per month. Huong is a farmer and a grocery seller. Her monthly income is about 5,000,000 VND. She has done this job for 10 years. Her family’s total earnings are about 15,000,000 VND per month.
Her challenge in life and work is paying her children’s education fees. Her dream is that her children can grow up well and she can enlarge her grocery shop. This loan is one of the steps helping her to reach this dream. She can invest in her grocery shop to gain earnings and save the profits for her children’s education.
Huong is a hardworking woman and a passionate businesswoman. This job not only brings her income but also helps her have many communications with neighbors. She has participated in SEDA's credit program since 2009. In the last cycle she borrowed 9,632,000 VND and repaid the loan on time. In this loan cycle, she would like to borrow 10,080,000 VND to buy biscuits, beer, noodles and candies for her grocery store. She wants to save more money for her family and to 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.