We started our operations in Vietnam in 2003 with microfinance and education projects in the Dong Nai province, 180 km northeast of Ho Chi Minh City. Rural low-income women who are considered unbankable receive access to our microfinance services.
Since 2013, around 40,000 rural low-income women who are considered unbankable have received access to our microfinance services. Nearly 100,000 loans have been disbursed, with the total value of US$25 million, and we keep continuing our expansion to new parts of the country.
Financial literacy is critical for improving money-management skills and promoting asset-building for the poor. Since 2012, The Dariu Foundation has been training financial literacy for the rural youth in Vietnam, in addition to computer skills training.
The Dariu Foundation grants around 1,500 scholarships every year, and over 50% of the recipients are girls, due to the general bias of parents and society in favor of boys. Over 12,500 students have been granted our scholarships to date.
8 mobile libraries to date provide children in the most rural areas with the opportunity to access books they would never have otherwise, as well as laptops with internet access – and the world wide web
With computer literacy still being an unaffordable luxury for most children in the rural areas, we developed and implemented computer skills training in our mobile schools. 35 mobile schools are currently operating in Vietnam, having trained 55,000 students in computer skills and 30,000 youth in financial literacy to date.
We built 28 kindergartens that can accommodate around 120 - 300 children and provide them will all the essential needs like uniforms, pens, booklets, etc.