Sustaining livelihood from agriculture
“The loan of MFU helped us a lot in sustaining our livelihood and generating more income. Additionally, the loan procedure is very simple and effective for us. Currently, our meals have more nutritious food, our health is getting better. We will keep our participation in MFU to expand our farm, buy more assets and be able to take a better care of our health.”
Vietnam
Microfinance Unit of World Vision Vietnam is a development organisation working with caregivers in hard to reach, impoverished locations so they can create secure futures for their children. We are dedicated to working with the most vulnerable families and communities regardless of religion, race, ethnicity gender, to create lasting change in their lives.
VisionFund serves low income clients living in vulnerable and rural communities by offering financial and livelihood solutions, delivered through our Network, World Vision and partners; empowering families to create income and jobs; and unlocking economic potential for communities to thrive. The products and services offered fall into five broad categories: microloans, savings programmes, microinsurance, training and education. Benefits include sustainable livelihoods, increased economic well-being, improved community well-being, decreased dependence on outside aid and restoration of hope and dignity.
Together with World Vision, we are focused on ending extreme poverty by 2030.
Client Impact Stories
Empowering women in rural community
With the savings and loans from the program, she has been able to renovate her home which is now more spacious, her children are educated, and the family has a stable income. With the positive results that her family received from MFU funding, she shared her experience with many other women in the village with the desire to help them improve their lives like she was able to with her family.
Against All Odds
“If life wants to challenge me, there is no point in being sad. I need to be strong and optimistic to raise my children. I am not as lucky as other women to have the support of a husband, but I still have family and relatives around me. Receiving microloans has helped me develop my sources of income and build a better life for my children and educate them."
Sustaining livelihood from agriculture
“The loan of MFU helped us a lot in sustaining our livelihood and generating more income. Additionally, the loan procedure is very simple and effective for us. Currently, our meals have more nutritious food, our health is getting better. We will keep our participation in MFU to expand our farm, buy more assets and be able to take a better care of our health.”
Improving rural livelihoods through microfinance and digital technology
“The staff from the MFU helped us be more aware of managing credit, avoiding bad credit, how to save, and many other topics, and recently guided us on how to use technology like smartphones to communicate with each other by creating groups to remind each other to make repayment, as well as share experience in life”
Pigs+Pigs+Pigs = Profit
Like many other poor households in Duc Xa village, Vinh Thuy commune, the family of 34-year-old Ho Thi Trinh used to struggle to cover the living expenses and educational costs for her family of four, with two children of schooling age. Her only source of income would come from just 0.18 hectares of rice fields and farming a few chickens. Thien, her husband, worked far away as a quarry worker to earn more money, but all his hard work could bring the family no more than just US $95 per month in total income. Things became more difficult when they found out their daughter was suffering from a heart disease.
A Stable Income Increases Savings
For 37-year-old Luong Thi Phuong in Tan Thuy hamlet – Tan Phuc commune – Lang Chanh district – Thanh Hoa, her flock of goats is a great motivation to accomplish her dream. “US$ 235 (5 million VND) earned from goat raising and hired labour now is a monthly stable income for my family. I didn’t believe this husbandry work made possible by MFU loans would bring me a chance to take care of my children.” Phuong says.
Integrated Empowerment : VisionFund and World Vision
Tran Thi Minh is a client of World Vision’s Micro Finance Unit’s Hai Lang branch. In 2013, in a community meeting, she learned about the microfinance program of World Vision Vietnam. She borrowed the first loan with an amount of $260 to buy equipment and other materials for her family’s motorbike repair shop. Thanks to the loan, there are more and more clients going to her shop.
An Amazing Transformation
Tran Thi Than is married with two children and is a VisionFund client at Lang Chanh branch in Vietnam. Before, her family was extremely poor and lived in a very small house with leaves for the roof, bamboo walls and no furniture. Her family’s income was mostly from collecting bamboo shoots and medical herbs in the forest and doing manual labor for other people, leaving them with a very unstable income.