“Our clients possess incredible potential but are confronting substantial threats”

14 years

Formation and development

1.000 customers

Access to microfinance

5.222 billion vnd

Total fund

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Hearts for Hue’s Solution:

 

Hearts for Hue provides microfinance loans along with financial management training courses to poor women with the aim of sustainable economic support, income generation and challenging current, gendered power relations. A small number of disabled or otherwise marginalized men are also supported.

How the Programme Works:

Hearts for Hue works with the local authority and the local women’s union to assess the level of poverty and capacity for business development. Interested women are invited to take part in an introductory lesson in microfinance. Following the lesson, women can fill out an application form for the program. Selection criteria is based on the level of need and capacity for business development.

Once borrowers are chosen for the program, H4H starts training a Community Management Board who oversee the loan program locally. This training covers both the general theory of microfinance and technical skills such as working with excel.

Loans size, duration and interest:

 

Hearts for Hue organizes women into groups of ten to support each other in business and loan repayments. Loans are commonly used for livestock breeding, crop cultivation, trading consumer goods, or other livelihood improvements. The first loan typically amounts to 10,000,000 VND (~440 USD), and successful repayment allows access to larger loans.

Interest rates are low, ranging from 0.4% to 1% per month, with the lowest rate reserved for the poorest clients. Loan terms are flexible, lasting between 10 and 24 months. Interest collected is reinvested into business training and program management. Since 2011, the program has supported over 1,000 marginalized families in Hue City.

Latest News

Hearts for Hue’s Microfinance Program in Huong Van Commune, April

On the afternoon of April 25th, Hearts for Hue returned to Huong Van commune to ...

27
Apr
Microfinance program for people with disabilities

With the sponsorship of VESAF, NFP, Since 2017 Hearts For Hue in collaboration with the ...

10
Jul
Effectiveness of Microfinance on women’s empowerment

Under the sponsorship of The DOVE Fund, Vy Da Ward is the first of Hearts ...

27
Aug
How Microfinance Empowers Women

With the sponsorship of VESAF, NFP, Since 2017 Hearts For Hue in collaboration with the People’s ...

25
Aug
Casestory of Mrs Nguyen Thi Nga – Microfinance Program sponsored by The DOVE Fund

Since 2011, under the sponsorship of the DOVE Fund, Hearts for Hue in collaboration with ...

24
Jun
Impact of Microfinance on living standards

With the continuous support of VESAF from 2017, the living condition of local people in ...

02
Dec
Case story of Mrs Nguyen Thi Hue – Microfinance Program sponsored by The Dove Fund

Since 2011, under the sponsorship of the DOVE Fund, Hearts for Hue in collaboration with ...

24
Sep
VESAF MicroFinance Impact

With the continuous support of VESAF from 2017, Hearts For Hue has been implementing the ...

05
May
MicroFinance Project in Huong Van Commune sponsored by VESAF, NFP

Sponsored by the VESAF, Hearts For Hue is working in collaboration with the Huong Van People’s ...

15
Jul
More women getting involved in the Microfinance Project under the sponsorship of Tuong Lai Project (France)

Hearts for Hue welcomed a group of French students from ESSEC Business School (France) to ...

30
Jul
Microfinance Pilot Savings Training

Yesterday afternoon, the 15th October, Hearts for Hue trialed our newly rewritten financial management curriculum ...

17
Oct
Microfinance Program Sponsored by Vesaf in Hue

The Microfinance Program funded by Vesaf through Hearts for Hue has been implemented in Quang ...

20
Jun
A Small Hair Salon, a Big Dream: The Story of a Resilient Woman – Ms. Tran Thi Thuy Phuong

Tucked away in a narrow alley on the outskirts of the city, there is a ...

09
Jun
Ms. Hoang Thi Ha – A role model for overcoming hardship with Hearts For Hue credit loans

During a recent survey of business and production activities among households applying for credit loans, ...

21
Mar

Hearts for Hue believes in complete transparency. Please contact us for a copy of the de-identified repayment history of every loan given in either of our programmes. For the benefit of microfinance clients, H4H encourages other microfinance providers to provide the same.