Total loan: $1,100


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06 Đông Yên, Yên Bái, Vietnam / Manufacturing

Mạnh's loan finished fundraising,
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A loan helped to purchase stone to make art products and resell.

Mạnh's story

Mạnh is 35 years old and he is married with 2 children. Mạnh lives in Dong Son district, a rural town in Thanh Hoa province.

He has had a manufacturing business making stone furniture for a period of 6 years now. He is planning to hire more workers in the future. His family is a low-income household in the village, moreover this job is unstable. He has no collateral, so he can’t get loans from other banks or credit institutions. He is a new client with Thanh Hoa microfinance institution. He will spend this first loan to purchase stone to make art products and resell.

With his business profit, Mạnh hopes for her business to do well, to make enough money to provide for his kids and to be able to buy more supplies and equipment for her business.