A loan of $1,150 helped to invest in expanding the business.

Nguyen Thi's story

Phượng Nguyễn Thị (311950277) is a 34 year-old female living in the town of Vinh Phuc. She is married and has 2 children. To make a living, Phượng owns and operates a business venture in the manufacturing sector, operating a manufacturing business. While not the only means for generating revenue, the main source of income for the business comes primarily from selling rice products in the local community. Phượng has been engaged in this business for over 6 years and earns approximately 3500000 VND a month from these activities.

In 1995, Phượng joined TYM Fund to gain access to financial services to help improve her living situation and ability to engage in business activities. Phượng has successfully repaid a previous loan of 9000000 VND from TYM Fund. This previous loan was used to purchase raw materials to manufacture additional products. Phượng is now requesting a new loan of 20000000 VND which will be used to invest in expanding the business. The loan will be the 11th loan taken out by the borrower from TYM Fund. Phượng plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's family.

Loan details

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Loan details