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Oct 13, 2016 11:21 AM ET

Archived: Vietnam: Never Give Up Group – A loan of $2,700 helps a member to purchase processed seafood to resell.

iCrowdNewswire - Oct 13, 2016

Never Give Up Group

Borrower image

Never Give Up Group’s story

Ms. Lý is 36 years old and she is a single parent with 2 children. She is standing second from the left in the photo. Lý lives in Quảng Xuong district, a rural town in Thanh Hoa province. Her husband left when her daughters were young.

Lý has operated a food stall/restaurant selling fish for 5 years. Every day, she goes to the market selling fish in the morning, and in the afternoon, she processes fish and to care childcare. The daily income that she earns is about VND 130,000. Her income is lower than the national average income, moreover this region often suffers natural disasters (such as storms) because it is near the sea.

The main hardship that Lý faces is lack of capital. She is requesting a loan to purchase processed seafood to resell.

In 2014, Lý joined the Thanh Hoa Microfinance Institution to improve her business. Lý has successfully repaid 5 loans from the Thanh Hoa Microfinance Institution. Lý is a reputable person in the community. Since the loans in the organization, her income family is more stable and to have a small house for her family. She happy to participate in business loans increased income.

With her business profit, Lý hopes for her business to do well, to build a new motobike, and to make enough money to provide for her kids.

In this group: Thêu, Lan, Lý, Quyền
*not pictured 

This loan is special because:

It supports women from ethnic communities and single parent families. 

Vince Main
Kiva staff 

More about this loan

This loan helps ethnic communities and vulnerable groups living in the Thanh Hoa province. Vietnam is a multi-ethnic country with many distinct ethnic groups. Each group has its own language, lifestyle and cultural heritage. The vast majority of ethnic tribes live in the hilly areas of the north and central highlands and face obstacles in access to important resources such as education, capital, market and agricultural land. By supporting this loan you are helping vulnerable groups to increase their income and preserve their way of life. 

About Thanh Hoa Microfinance Institution:

Thanh Hoa MFI works to provide credit to women and their families in the central Vietnamese province of Thanh Hoa, one of the poorest regions of the country. The institution’s target clients are poor and low-income women who have the ability to work but lack the capital. Accordingly, Thanh Hoa MFI prioritizes single mothers, low-income women with children who have dropped out of primary school, and Viet Nam’s poorest women who cannot access any formal financial services.

A loan of $2,700 helps a member to purchase processed seafood to resell.

Contact Information:

Never Give Up Group

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