Binh is 50 years old. She has three children who are married and have stable jobs. She and her husband make noodles and breed pigs to earn a living. They have done this job for 30 years and earn about 5,000,000 VND each month per person. Her family’s total earnings are 10,000,000 VND per month.
Binh’s challenge in life and work is the lack of capital to expand her noodle workshop. Her dream is to build houses for each of her children. This loan is one of the steps to help her reach this dream. She will have capital to invest in her business and save the profit to expand the noodle workshop.
Binh is a hardworking woman. She has participated in SEDA’s microfinance program since 2010. In the last loan cycle, she borrowed 8,288,000 VND and repaid on time.
In this loan cycle, she wants to borrow 9,632,000 VND to buy a noodle-making machine. She wants to gain earnings and save the profit to enlarge her workshop.
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.