From Malnutrition to Plentiful
“Thanks to World Vision’s Micro Finance Unit (MFU) loans, my chicken raising business has grown significantly, which helps me not only earn more money, but also enable me to improve nutrition for my kids and pay for their tuition fee. I’m extremely happy and want to thank World Vision for helping me with the capital,” said 37-year-old Mrs Vu Thi Hue. Hue lives with her husband and three daughters in Tien Lu district, Hung Yen.
VisionFund Vietnam, operating as Micro Finance Unit World Vision Vietnam, is the microfinance unit of World Vision Vietnam, 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
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.