Mrs. Phuong was born in 1981. Her husband is an iron worker at Da Hoi. He gets 5,000,000 VND each month. Her sons are learning at the primary school. She has a hair-cutting service, and she earns 3,000,000 VND per month from it. She has been participating in the loan programs of SEDA since 2011. The last cycle, she borrowed 6,322,000 VND and repaid that loan on time. In this loan cycle, she wants to borrow 7,630,000 VND within 50 weeks to invest in her barber shop. Then, she hopes her business can get enough money so that she can pay for her children’s education fees.
The Center of Small Enterprise Development Assistance (SEDA) is a non-profit organization whose vision is to create “a society without poverty.” Founded in 2004, SEDA provides microfinance services to low-income and disadvantaged people in rural areas of Hanoi and the northern provinces of Vietnam through its Binh Minh Micro-Finance Program.
You can also join SEDA’s lending team to assist SEDA in continuing to support its portfolio of borrowers.