Funded

Total loan: $650
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Phuong's Group

Vietnam
Bac Ninh, Vietnam / Food Production/Sales

A loan of $650 helped a member to buy more rice and other ingredients to make more cakes.


Phuong's Group's story

Phuong is 28 years old. She has two children who are learning at the 1st and 4th grades. Her husband is an iron worker to earn a living. He earns about 6,000,000 VND per month.

Phuong makes Vietnamese traditional cakes to sell in a market. She has done this job for five years. Her income is about 4,000,000 VND per month. Besides that, Phuong also breeds pigs to earn more money. Her family’s total earnings are about 10,000,000 VND per month. Her challenge in life and work is that her facilities for making cakes is manual, she needs to handle every thing, and she has very few customers. Her dream is to make more kinds of cakes to support other restaurants and to have communication with customers every day. This loan is one of the steps to help her get to this dream. She can buy more rice and onions to make cakes. Phuong is a hardworking and careful woman.

This is the first time she participated in SEDA's microfinance program. In this loan cycle, she would like to borrow 5,152,000 VND to buy more rice and other ingredients to make more cakes. She always wants to expand her business to gain earnings and save profits to raise her children up well.

The other member who is part of Phuong's group is Thuy, who is 35 years old. She has two children. She breeds chickens to get eggs. She wants to borrow 8,288,000 VND to invest in her breeding.

In this group: Phuong, Thuy
*not pictured



Loan details

Loan length:

13 months
Disbursed date: July 3, 2013

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: July 3, 2013