A loan of $450 helped to invest in expanding her business.

Mẫn's story

Mẫn Thị D. is 38 years old, married and has two school-aged children. She lives in the town of huyện Yên Phong - tỉnh Bắc Ninh. Mẫn runs a recycling service in which she hauls away junk and other waste material for local businesses and community members. She has been in business for over six years and earns approximately 2,500,000 VND a month.

In 2009 Mẫn joined SEDA to gain access to its financial services. She has successfully repaid a previous loan of 5,152,000 VND from SEDA which she used to invest in expanding the business. Mẫn is now requesting a new loan of 8,288,000 VND which will be used for the same purpose. She plans to use all additional revenue to further improve and expand her business.

About SEDA:

The mission of SEDA (Center of Small Enterprise Development Assistance) is to provide microfinance services to low income and disadvantaged people in rural areas of Hanoi and the northern provinces of Vietnam.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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