Na Sang 2 Group
This is her first loan in Anh Chi Em Program and Tam hopes this loan can help her resolve partially the difficulty of lacking capital. She would use the loan to rent a machine for leveling the field in order to prepare for the next harvest.
Tam dreams her child will eventually attend college as she was only able to complete secondary school because financial issues made it impossible for her to continue. In the picture, Tam 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