Noong Luong 4 Group
Her family's main source of income comes from cultivating rice, planting vegetables, breeding 50 chickens, and raising a buffalo for ploughing. Taho's husband earns additional income to cover living expenses and tuition fees, as a construction worker.
Thanks to Thao's and her husband's effort, their children consistently attend school. However, Thao wants her children to have both a basic standard of living and an abundant life. For that reason, Thao is determined to expand her business and purchase small fish to increase yield.
Thao requests a loan from the Anh Chi Em Program. This is her 4th ACE loan. She said that she has benefited from both the money and the training received from ACE. ACE has helped her to develop her business since the first loan.
She dreams that her children will go to a well-known university and have a better life.
In the picture, Thao 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
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
83View loans »
Success!! The loan was 100% repaid