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Oct 17, 2016 6:02 PM ET

Archived: Vietnam: Rise In Life Group – A loan of $2,025 helps a member to purchase drugs and medical appliances to sell.

iCrowdNewswire - Oct 17, 2016

Rise In Life Group

Borrower image

Rise In Life Group’s story

Ms Yến, the group leader, is 36 years old and she is standing on the right side of the photo. She has three children. Her children are learning in primary school and secondary school.

Yến lives in Tinh Gia district, a rural town in Thanh Hoa province. For more than ten years, she has had a retail business, selling medication. Her family is a poor household in the village.

The main hardship that Yến faces is lack of capital. She is requesting a loan to purchase drugs and medical appliances to sell.

This is Yến’s first loan with Thanh Hoa Microfinance Institution.

With her business profit, Yến hopes to maintain a successful business, for her family to be healthy and happy, and to travel for vacation.

In this group: Yến, Giàu, Vững
*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 $2,025 helps a member to purchase drugs and medical appliances to sell.

Contact Information:

Rise In Life Group

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