Since 2011, under the sponsorship of the DOVE Fund, Hearts For Hue in collaboration with the People’s Committee of the Vy Da Ward has been implementing a Microfinance Program with the main purpose of creating jobs and generating income for the disadvantaged people.
The Microfinance Project offers the range loans of 7.000.000dvn to 10.000.000dvn to disadvantaged people of impoverished communes for a wide range of purposes such as raincoat making, clam rice making and running small enterprises. Over the past 10 years, the Program has represented a practical and significant benefit for 216 participants in Vy Da Ward, with the total fund of 1.057.790.000vnd.
Mrs Le Thi Mai lives at alley 147/12 of Ung Binh street, Vy Da ward. Her family earns income from making joss paper products. In Vietnam, the act of burning joss papers is believed to create a link to the afterlife, sending all of the offerings to the deceased family members.
With the introduction from members of local Women Union, she has started joining the Program since 2014 and she is now in round four. One special thing of her job is that the daily consumption is not high but it reaches great consumption when special events/ days come in Vietnam such as Lunar New Year, Full moon days, Lunar July and so on. That’s why her loan capital has been used to buy materials and equipment to produce as much as possible joss paper products to meet the market consumption during peak seasons. More than that, she has also spent money to hire a warehouse to store and preserve all products. Profit collects from these peak seasons helps her to pay for children education fee, buy new home facilities and reserve a saving amount for family. Thanks to the Program, her family has a sustainable income to improve her family living condition.
Recently, the Covid-19 pandemic surely reduces the market consumption which affects her income. However, she still wants to be provided more loan with bigger size to produce and store more products to sale at the coming Lunar New Year. She hopes that the coming Lunar New Year will be great opportunity for her and other businesses to get more profit which helps them to recover economy because of the pandemic.
Hearts for Hue would like to thank the DOVE Fund for your tremendous support to the local community.
