Co Luong Group
She is living with five other members of her family, including her husband, a son and his wife, who are also farmers, and her two grandchildren who are in secondary school.
This is her 4th loan cycle in the Anh Chi Em Program. She said that the loans in previous cycles, which she used to invest in breeding pigs, brought high profits to her business. However, several months ago she faced the difficulty of foot-and-mouth disease in her pigs and lost income from the pigs. This time, she wants to use a portion of the loan to buy piglets.
She hopes that through this loan and the training from Anh Chi Em, she could earn a higher income for her family so that her grandchildren could attend school fully and go to college in the future.
In the picture, Huong 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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