A loan of $700 helped to purchase breeding livestock.

Nguyen Thi's story

Phương Nguyễn Thị, 55 years old, is a woman living in the town of Nghi Lộc. She is married and has four adult-aged children. Phương earns a living by owning and operating a business venture in the agriculture sector, raising livestock. The primary source of income for the business comes primarily from raising water buffalo for sale. Phương has been engaged in this business for over seven years, and she earns approximately 2,500,000 VND a month from these activities.

In 2004, Phương joined TYM Fund in order to gain access to financial services so that she can help improve her living situation and increase her ability to engage in business activities. Phương has successfully repaid a previous loan of 8,000,000 VND from TYM Fund. This previous loan was used to purchase baby livestock to raise and, eventually, to sell.

Phương is now requesting a new loan of 12,000,000 VND which will be used to purchase breeding livestock. The loan will be the fifth loan taken out by this borrower from TYM Fund. Phương plans to use the additional revenue that she expects her business to generate from this loan to improve and expand her business ventures.

Loan details

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Loan details