We provide microfinance services such as loans, savings and training to the poorest and most disadvantaged population in the rural and mountainous areas of Vietnam and Myanmar and in the slums of Kolkata.
Our clients are 100% women who are in need of micro-loans for jobs and income generation but who are also generally considered “unbankable”. Our clients form a group of 5 to 9 members and receive training from our staff on financial education and loan use, prior to applying for their first loan of US $150 (with compulsory weekly savings of $0.25 and voluntary savings if available).
The clients receive loans step by step in a total of 8 loan rounds before they can apply for the largest loan of $1,500 USD. Our loan officers meet the groups at one member’s home on a weekly basis to collect repayments and savings, while also providing ongoing training and consultancy services.