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Mar 18, 2017 1:05 PM ET

Vietnam: He Muong 39 Group: A loan of $1,775 helps a member to purchase baby fish for raising, breeding and selling.

iCrowdNewswire - Mar 18, 2017

He Muong 39 Group

Borrower image

A loan of $1,775 helps a member to purchase baby fish for raising, breeding and selling.

He Muong 39 Group’s story

In the nice picture, Kim is the first from the right and is group leader of this Kiva group. She is an ethnic Thai woman who is married and has a daughter.

Kim lives with her husband and her daughter in a really difficult village. She has to work some several jobs for living. Her main hardship is the lack of capital to develop her own business and ensure the well-being of her family. Hence, she took a loan from Anh Chi Em program to develop her farming and repaid it successfully.

Recently Kim has taken a new loan from Anh Chi Em program to purchase baby fish for raising, breeding and selling. She hopes that the fish will grow up healthily and faster to bring her great profit, which she looks forward to using to pay tuition for her child.

Her dream is that her family will have abundant life.

In this group: Xien, Doan, Kim, Mai, Huong, Le, Xuong

This loan is special because:

It provides financial and other support to families living in vulnerable communities.

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. 
Contact Information:

He Muong 39 Group

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