Co Man Group
To cover her family’s everyday needs, Bien works very hard by diversifying her agriculture activities, such as cultivating rice, vegetables, and cereal, and raising pigs, chickens and fish. At this time, she faces the difficulty of a recent poor harvest so she wants to invest more in breeding. Accordingly, in this loan cycle, she will use her portion of the money from the Anh Chi Em Program to buy piglets.
Bien hopes that her family will always have abundant food and her child will go to university, become an official and have a better life. In the picture, she's standing on the far right and is holding a herbaceous branch.
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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