Ten Nua Group
She is now preparing for the next harvest and wants to buy a lawn mower, but it's difficult for her to approach capital. Hence, the loan from Anh Chi Em Program would help her continue her business.
She hopes that by her constant effort in producing, her children would be more abundant in life, and that both of them will go to college and change their current circumstance.
Hoai is the team leader of the Ten Nua group, which consists of ten Thai minority members. In the picture, Hoai is standing first from the right.
More information about this loan
Anh Chi Em (ACE) is an International NGO microfinance program that supports vulnerable and marginalized individuals in the severely underserved regions of Dien Bien and Muong Ang District in Dien Bien Province and in Northern Vietnam. Launched in 2007 by the French non-profit Entrepreneurs du Monde, ACE focuses on the financial inclusion of women from marginalized ethnicities and those affected by AIDS.
ACE offers two types of flexible loans alongside a voluntary savings program. The amortizing and bullet loans provide borrowers with key capital at an interest rate of 18%, compared to the national averages of 23.01%. The savings program pays clients 6% returns per annum.
Kiva lender’s funds help ACE to expand its services into new communes and more districts and offer loans to more vulnerable individuals.
This is a Group Loan
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Success!! The loan was 100% repaid