Author: chungsucgiamngheo

Microfinance

Microcredit for Mothers Foundation (MVM) Visit Ba Vi Women’s loans at VietED MFI

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On February 21, 2024, representatives of the Dutch MVM sponsor (Ms. Yvonne Veraart and Ms. Fieke) and the leadership of the VietED Microfinance Program visited customers in Ba Vi district, Hanoi city. The purpose of this visit of the sponsors is to personally exchange and listen to customers’ thoughts and aspirations, and the implementation process of VietED’s Microfinance activities to support the Customers create income and improve the quality of life of women when borrowing from MVM through VietED MFI. During the day, the delegation participated in 03 activities with…

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Microfinance Microfinance Clients

MFM Case studies_Roasting duck

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Case study 2: Mrs. Chu Thi Vuong is 36 years old, in Dong Bang village, Dong Thai commune, Ba Vi district, Hanoi, her family has many children, the children are still of school age, earning money rests heavily on the shoulders of the young couple. As a borrower who has been with the VietED Foundation since 2019, with a small amount of capital, the couple discussed investing in a traditional duck roaster to serve people in the village. Every day, in addition to taking care of children, she has to…

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Microfinance

Casestudy VietED_Microcredit for Mothers Foundation

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Mrs. Nguyen Thi Lan, Lai Bo village, Tay Dang town, Ba Vi, Hanoi is a regular member of Ba Vi VietED Foundation, Mrs. Lan’s family has 5 members, the eldest child has graduated from university, and the younger one is in kindergarten. In 2018 she had a third child and had to stay at home to take care of the children, the family’s expenditure mainly depended on her husband’s small salary, making life even harder. When the child is grown up, they discuss loans to raise livestock in order to…

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Microfinance

VietED Message of 2019 – “EFFICIENCY AND SHARING”

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As the year 2018 draws to close and 2019 welcomes us, I want to write something for all of you, as is my practice every year. I write to you as you are the blood and sweat of VietED Group and are an inextricable part of myself. Let me begin with summarizing what went through in 2018: VietED MFI activities did not go as so big but regardless of the difficult operating environment, we have maintained the performance as we gradually inch towards a formal MFI status. Microfinance is the…

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Microfinance Microfinance Clients Value chain

RaboBank visit VietED MFI

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On November 30, 2018, the representative of Rabobank – Mr. Mark Koppejan visited, surveyed and interviewed clients at the VietED branch in Ba Vi district, Hanoi. Mr. Koppejan discussed with the farmers who borrow loans from VietED to have a better understanding about agircultural production of the farmer households, their difficulties and needs to access financial services to improve the family economy and to get out of poverty in the district. The VietED’s staff and Mr. Koppejan met and visited Mrs. Phung Thi Xuan’s husbandry and orchard farm in Doai…

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Microfinance

Partners from Microcredit for Mothers (MFM) visit women clients at the Ba Vi branch of VietED Foundation

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On November 12 2018, two of our partners from Microcredit for Mothers Foundation (MFM) accompanied us to visit clients to survey the implementation of MFM funding to support poor women through VietED in Ba Vi district. On this visit we conducted in depth interviews on three of our clients to receive updates and additional information on their progress in agriculture production and business. VietED, along with MFM, wanted to gain a better understanding on the impact that our services have made on the lives of these individuals. We also wanted…

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Microfinance

MicroFinance in Vietnam

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N0 MFI Name Contact Operational area 1. VietED MicroFinance Head Office: 8/31 Phuong Liet, Thanh Xuan, Hanoi, Vietnam Tel: +84-0243-629-1101 Email: foundation@vieted.com.vn Website: http://vietedmfi.com.vn FaceBook: https://fb.com/VietGiving YouTube: https://goo.gl/9F766p Nghệ An, Bắc Giang, Hà Nội 2. Capital aid for Employment of the poor MicroFinance institution (LTD) – CEP MFI 14C Cach Mang Thang Tam St., District 1 Ho Chi Minh City – Vietnam Tel: 84 – 028 – 38 220 959 / 38 239 100 Fax: 84 – 028 – 38 245 620 Email: cephcm@cep.org.vn Thành phố Hồ Chí Minh, Đồng Nai, Long An, Đồng…

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Financial Education

Good savings behavior requires discipline, Discipline is learned through practice!

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Important Factors for Deciding Where to Save When deciding where to save, you should consider the following: Deposit requirements for the savings account. Is there a minimum deposit required to open the account? Is there a minimum balance required to keep the account open? Are small deposits accepted? Can variable sums be deposited? Can deposits be made frequently? What paperwork is required? Terms of use. Is the saving program compulsory or voluntary? Do you have to commit to saving a set amount at regular intervals or over a certain time…

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Financial Education

VietED MicroFinance: Savings You Can Do It!

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Definition of Saving Savings is money put aside by an individual or household for use in the future. A key to good money management, savings help individuals and households manage risk, deal with emergencies, smooth income, build assets, and meet financial goals. People save by putting money aside when it comes in and by spending less when it goes out. Reasons to Save “… there are many times when poor people need sums of money that are bigger than what they have in hand. The need for these ‘usefully large…

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Microfinance

What will it take to end poverty in Vietnam?

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What will it take to end poverty in Vietnam? A few months ago, I journeyed to Lao Cai, a predominantly ethnic minority area in Vietnam’s Northern Mountains, to supervise a pilot survey. One older man I encountered—typical of many we saw—was a subsistence farmer with minimal education who spoke only his native language and had barely ventured beyond his village. Members of ethnic minority groups make up 15 percent of the country’s population but account for 70 percent of the extreme poor (measured using a national extreme poverty line). During…

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