A loan of $1,275 helped a member to invest in her family's shoe shop.


Ngoc Lan's Group's story

Lan is 35 years old. Her husband is a skilled shoemaker. Lan helps her husband manage her family's shoe shop. The family's monthly income is around VND 12,000,000.

Lan has three children. The oldest son is a carpenter while the other children are learning in primary school. Lan's challenge in life and work is the lack of capital to invest in her business. Her dream is that her family business would grow and be sustainable.

As a hard-working, passionate businesswoman, Lan wants to have enough money to start up a clothes shop and to open a carpentry workshop for her oldest son. This loan is one of steps that will take her closer to her dream.

She has participated in SEDA's credit program since 2010. In the last loan cycle, she borrowed VND 5,152,000 to buy shoes for her shop. She always wants to expand her business. Thus, this time, she would love to borrow VND 8,288,000 to invest in her business, for instance to buy more shoes.

Other members who are part of Lan's group are included in the below list:
• Besides working in a factory, Hong wishes to raise more income for her family by feeding chickens. As a result, she wants to borrow VND 5,152,000 to buy chickens and poultry food.
• Phuong is a hairdresser. She would like to borrow VND 8,288,000 to buy tools and shampoo for her barber shop.
• Lien was born in 1973. She is an owner of a clothes shop. She wants to borrow VND 5,152,000 to buy more clothes for her shop.

In this group: Lan, Hong, Phuong, Lien



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Loan details