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Sep 23, 2016 8:45 AM ET

Archived: Vietnam: Na Tau 44 Group – A loan of $3,250 helps a member to buy piglets and feed for them.

iCrowdNewswire - Sep 23, 2016

Na Tau 44 Group

Borrower image

Na Tau 44 Group’s story

Ngân, 27, is an ethnic Thai woman who lives with her husband and two sons in a northwest mountainous area of Vietnam. Because her husband works as driver and does not usually stay at home, she is in charge of most farm jobs such as growing rice, and raising pigs, chicken and fish. Although she works hard all day at her farm, she spends the rest of every day taking care of her two little boys.

To upgrade her family’s living standards, Ngân is willing to expand her pig farming, but she has insufficient funds to buy piglets and feed for them. She decided to take out a loan through the Anh Chi Em program to resolve this problem. This will help her to expand her pig farming and earn more profits in the future.

Ngan hopes that her small family will move out of poverty and have a better life. In the picture, she stands at the first from the right.

In this group: Chieng, Ngan, So, Tuoi, Xuan, Quyet, Thin, Cu, Doi*, Panh, Suoi*
*not pictured 

This loan is special because:

It provides financial and other support to families living in vulnerable communities. 

Vince Main
Kiva staff 

More about this loan

Anh Chi Em (ACE) is an International NGO microfinance program that supports vulnerable and marginalized individuals in the severely underserved regions of Dien Bien and Muong Ang District in Dien Bien Province and in Northern Vietnam. Launched in 2007 by the French non-profit Entrepreneurs du Monde, ACE focuses on the financial inclusion of women from marginalized ethnicities and those affected by AIDS.
ACE offers two types of flexible loans alongside a voluntary savings program. The amortizing and bullet loans provide borrowers with key capital at an interest rate of 18%, compared to the national averages of 23.01%. The savings program pays clients 6% returns per annum.
Kiva lender’s funds help ACE to expand its services into new communes and more districts and offer loans to more vulnerable individuals. 

A loan of $3,250 helps a member to buy piglets and feed for them.

Contact Information:

Na Tau 44 Group

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