Muong Phang 58 Group
A loan of $3,900 helps a member to buy fingerlings to raise and sell.
Muong Phang 58 Group's story
Thanh is a 30-year-old ethnic Thai lady who stands first from the far right in photo. She is married and has three children who are attending at school. They live in a narrow traditional stilt house in Dien Bien province. This province has many poor people of Vietnam.
Like other villagers here, Thanh works as a farmer with the main income from rice, chickens, and ducks. In order to have enough money for three children to go to school, Thanh and her husband always work very hard, but the income from agriculture is unstable due to disease so they sometimes face with many difficulties.
Wishing to have a more stable income, she decides to expand her farming model by investing in fish raising because she found that in this place, fish are the kind of animal that have less disease than others. Now her main hardship is a lack of capital. Thanh has joined the Anh Chi Em microfinance program for three loan cycles and is very satisfied with the loan as well as the technical support from the program. Therefore, this time, she decided to ask for her fourth loan to buy fingerlings.
Thanh hopes this investment will go well and bring her a good profit. She plans to use the profit to pay school fees for two children and reinvest in the future. She wishes her children will be fully educated and have bright futures.
In this group: Anh, Hom, In, Du, Sien, Om, Phuong, Thanh, Chung, Huong