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Oct 1, 2016 12:33 EST

Vietnam: Bung Lao 2 Group – A loan of $1,950 helps a member to buy chickens and expand poultry farming.

iCrowdNewswire - Oct 1, 2016

Bung Lao 2 Group

Vietnam
 
 
Borrower image
 

Bung Lao 2 Group’s story

Nga, 58, is a devoted woman who has been living with her daughter and son in a remote area. Since divorcing her husband, she has worked hard as a farmer to cover the living expenses for her family of 3 members. Currently, her daughter has a retail shop and her son has become a hair dresser, which has helped improve her family’s living conditions.

Every day, Nga takes care of chickens and grows vegetables to sell and also use for themselves. This is the second time that she has taken a group loan from Anh Chi Em program to buy chickens. She hopes that this investment will be successful and bring a great profit for her family. Nga dreams that her beloved family will be happy and that she will have a lot of grandchildren. In the photo above, she stands from the right.

In this group: Nga, Dung , Hoi, Thu, Anh, Quyet , Trang*
*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 $1,950 helps a member to buy chickens and expand poultry farming.

Contact Information:

Bung Lao 2 Group

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