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