Total loan: $2,700
10 Tiểu khu 7, Hòa Bình, Vietnam / Retail
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Solidarity Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase footwear to resell.
Solidarity Group's story
Mrs Sâm is 32 years old, married, and has one child. A resident of Tinh Gia district, a semi-urban town in Thanh Hoa province, she has had a retail business selling shoes for seven years. She is planning to hire more workers in the future. Sam's income is lower than the national average; moreover, this region often suffers from natural disasters such as storms because it is near the sea. Although a reputable person in the community, she has no collateral and so can't get a loan from other banks or credit institutions. Sâm was selected by the members of Solidarity Group to be their leader. Now requesting her first loan from Thanh Hoa Microfinance Institution, she will use her portion to purchase more footwear to resell. With her business profits, Sâm hopes that her enterprise will do well, that she will have enough money to provide for her child, and that she will be able to buy more supplies and equipment for her business.