100%

funded

Total loan: $4,200

Pa Khoang 59 Group

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Dien Bien, Dien Bien, Vietnam / Agriculture

Pa Khoang 59 Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy fingerlings.


Pa Khoang 59 Group's story

The woman who stands first on the far right in the picture is Ong. She is 41 years old and has been a farmer for a short time. Now, she lives with her husband and two daughters in a remote village in the northwest mountains of Vietnam. The older daughter is in the last grade of high school, and the other is in the first.

Ong has a small business in the central market of the commune, but its income is not much. Recently, the Covid-19 pandemic also appeared in the province where she lives, and so her business has also become more difficult. Beside the business at the market, she still does farming at home, but recently a swine disease caused all of her pigs to die and greatly reduced her family income. So, she wants to switch investments to avoid losses and have enough money to pay for her children to go to school.

She decided to invest in fish farming because fish are less susceptible to diseases than other livestock animals, are easier to raise, and do not take much time to care for. To obtain investment capital, she requested a small loan from the Anh Chi Em microfinance program to buy fingerlings [young fish]. She hopes that with her three years' experience in fish farming and her hard work, this investment will bring profits to her family.

Ong hopes the Covid-19 pandemic will quickly disappear from this world to bring peace to her hometown. She hopes her daughters will have bright future!