Mrs. Huong is 32 years old. She has three children who are little. They are studying at kindergarten and primary school. She raises cattle and sells them to the beef market. She earns 4,800,000 VND per month from the business. She has participated in the loan program of SEDA since 2010. Last cycle, she borrowed 6,944,000 VND and repaid this loan on time. In this loan cycle, she wants to borrow 8,288,000 VND to enlarge her cattle farm and buy more cattle breeds. Then, she hopes her business will bring in enough money 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.