Total loan: $1,750

Thuong's Group

Mai Sơn - Sơn La, Son La, Vietnam / Education

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A loan helped to pay for her daughter’s education fees.

Thuong's Group's story

Thuong, who was born in 1970, is an ethnic Thai woman that joined the M7 Microfinance Institution program in January 2012. She currently lives with her husband and her daughter in Mai Son district, Son La province. Her family lives mainly on farming, so the income from each crop after deducting costs is just enough to cover the family's living expenses and to save a small amount. Because Thuong has to pay for her daughter’s education fees at a college, the saved amount is not enough. Therefore, she wants to borrow a loan for this purpose. Thuong will work hard to get money to repay the loan for M7-MFI on time. She hopes that the loan will help her daughter succeed at her studies, and then when she graduates, find a stable job with good salary.