A loan of $2,050 helped a member to invest in her beverage stall.


Phuong's Group's story

Phuong was born in 1989. She has two children aged 4 and 2. Her husband is a construction worker and he earns about 4,500,000 VND per month. Phuong sells beverages to earn a living. She earns about 4,000,000 VND per month. She has done this job for three years. Her family’s total earnings are about 8,500,000 VND per month. Her challenges in life and work include lacking capital to invest in her beverage stall and caring for her children that are still little. Her dream is that her children will learn more and her business will get easier. This loan is one step that can help her achieve this dream.

Phuong is a hardworking and dynamic woman. She has participated in SEDA's microfinance program since 2011. In the last loan cycle, she borrowed 7,392,000 VND and repaid on time. In this new loan cycle, she would like to borrow 8,736,000 VND to invest in her beverage stall. She always wants to expand the scale of her business and raise her children well.

Other members which are part of Phuong's group include the following:
Ly is 28 years old. She has two children. She is a carpentry helper. She wants to borrow 9,184,000 VND to invest in her business.
Sinh is 27 years old. She has two children. She is a carpenter. She wants to borrow 9,184,000 VND to invest in her carpentry.
Loan is 53 years old. She has one child. She sells pork in the market. She wants to borrow 10,976,000 VND to invest in her business.
Lien is 29 years old. She has two children. She is a carpentry helper. She wants to borrow 5,152,000 VND to invest in her work.

In this group: Phuong, Ly, Sinh, Loan, Lien



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Loan details