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Mar 15, 2017 3:26 PM ET

Vietnam: Mai: A loan of $900 helps to purchase books, school supplies and a motorbike, and to pay school fees for her children.

iCrowdNewswire - Mar 15, 2017

Mai

Vietnam
 
Thanh Hoa City, Vietnam / Higher education costs
 
Borrower image
 

A loan of $900 helps to purchase books, school supplies and a motorbike, and to pay school fees for her children.

Mai’s story

Mrs. Mai is 50 years old and is married with two children. Her children are learning in college. Mai lives in Thanh Hoa City, an urban town in Thanh Hoa province. She has had a manufacturing business making stone furniture for more than 10 years. Her work is not stable, so when her children’s school starts, she doesn’t have money to pay for tuition fees.

The main hardship that she faces is lack of money to keep sending her children to school. She is requesting a loan to purchase books, school supplies, and a motorbike, and to pay school fees for her children.

In 2015, Mai joined Thanh Hoa Microfinance Institution to improve her business. Mai has successfully repaid four loans from Thanh Hoa Microfinance Institution.

With her business profit, Mai hopes for her family to be healthy and happy, for her children to do well in school, and for her business to do well.

This loan is special because:

It provides children from low-income families with greater access to education.

Jon
Kiva staff

More about this loan

This loan enables students from low-income families in the Thanh Hoa region of Vietnam to pay for school or college expenses. It aims to provide an opportunity for students living in rural areas to gain access to educational services and improve their future employment prospects. The loan can be used for partial or complete payment of expenses related to school or higher education including school fees, accommodation, uniform and supplies etc. By funding this loan, you’re supporting a student’s dream to be educated.

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.

Contact Information:

Mai

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