Dung is 59 years old. She has six children. One of them is working in the Vietnamese army. The other children have got married. Her husband is a driver who transports workers to earn a living. He earns about 6,000,000 VND per month.
Dung sells groceries and breeds pigs. She earns about 4,000,000 VND per month. She has done this job for 22 years. Besides that, she is a short-term worker for buildings. Her family’s total income is about 10,000,000 VND per month. Her challenge in work is that her breeding facilities still are small so that she can’t raise any more pigs. Her dream is to build larger and cleaner breeding facilities. This loan is one of the steps that will help her reach her dream. Dung is a hardworking woman and a passionate businessman.
She has participated in SEDA’s microfinance program since 2010. In the last loan cycle, she borrowed 8,736,000 VND and repaid on time. In this loan cycle, she would like to borrow 9,632,000 VND to buy more pigs to breed. She will use the profit to build a new farm and invest in her children’s life.
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.