Huong is 32 years old. She has two children who are studying in primary school. She is a carpentry worker. From her job, she gains 4,500,000 VND a month. She has taken part in a crediting program of SEDA since 2010. During the last cycle, she borrowed 7,392,000 VND and repaid this loan on time. In this loan cycle, she wants to borrow 8,288,000 VND to make furniture to sell. She hopes to open a carpentry studio for her children and teach them how to do carpentry.
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.