Starting business, be more confident and create jobs from small loans of VND 5,000,000 of M7MFI

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Ms. Nguyen Thi Thanh, Group 2 – Vinh Hong zone – Mao Khe town – Dong Trieu district –  Quang Ninh provinceIMG_0898


Ms. Thanh is 55 years old – a new member of the Trading room No.4 – Dong Trieu Branch – M7MFI. Her husband hasn’t got the responsibility to raise their two children for more than twenty years. She borrowed VND 5,000,000 three months ago with a term of 12 months and the payment per period is VND 245,000. She has invested in raising 2 sows and now she has 8 piglets, expected to generate from VND 8,000,000 to 9,000,000 after three to four months. The costs of feeding is about VND 400,000 per month, beside, she has found and asked her neighbors for vegetables and food scraps to reduce the cost herself. In addition, she also made income from the hens and eggs, this also provide food for her family, she also adopted one dog laying about 2 litters a year and each time from 3 to 4 more pups, generated over VND 1,000,000 for her family every year. The principal sources forrepayment is from the employee – she is currently employed at the nearby ceramic workshop. She said: “This is my first loan, previously I did not know the loan program from M7MFI and also feared of could not return, but now I feel much more confident. I’ve also hired a sister to help me to feed pigs for over 4 months with the fee of VND 1.000.000 per month and she is supported for lunch , I think I can have little capital from this source. ” Loans from M7MFI is really practical and humanities, Ms. Thanh not only could start her own business, be more confident but also create jobs for others with even small capital of VND 5,000,000. We appreciate the model of supporting economic development of M7MFI’s credit.

March 20, 2013

The creator

Nguyen Thi Tuyet Mai

VMFWG Managing Director