Tag: Microfinance in Vietnam

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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Microfinance

Does Women’s Leadership in Vietnam Matter?

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High primary enrollment ratios for girls and impressive female labour force participation rates are two striking examples of Vietnam’s progress on gender equality. On female leadership, however, Vietnam has a huge unfinished agenda. The good news is that a recent study by Grant Thornton (2013) shows women’s leadership in business is growing and 30 percent of Board of Director roles in Vietnam are held by women compared to the global average of 19 percent. Women’s membership in the Communist Party has also risen from over 20 percent in 2005 to more than…

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Microfinance

Mapping Vietnam’s Poverty Indicators

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We just launched the new MapVietnam website at www.worldbank.org/mapvietnam/ which provides access to socioeconomic data at the province and district level in both English and Vietnamese. The site is intended to be a resource for journalists, policymakers, researchers, and citizens looking for information on social and economic situations at a local level. The maps illustrate Vietnam’s wide diversity, which can be lost in aggregate statistics.  It is available in both English and Vietnamese. How do you use the site? Click on an indicator on the left then move your cursor over the…

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Microfinance

How We Measure Poverty in Vietnam

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What does it mean to be poor in Vietnam? In Hanoi in the late 80s, poverty was all around. Most of the population then was living under the international poverty line ($1.25 per day). Because there were no living standard surveys to measure poverty, there was no clear indication of what it meant to be poor. A rich person at that time was someone with either a motorbike or a television set, while a poor one was a street beggar or someone who did not have enough rice to eat. …

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