.png)
KIVA Microfinance Loans
One of Rotary International’s six area’s of focus is growing local economies by “strengthening local entrepreneurs and community leaders, particularly women, in impoverished communities.” The Rotary Club of Whyte Avenue is working on this area of focus by providing microloans through kiva.org.
Stan Bissell shared the story of Thúy, a female entrepreneur living in a remote rural community in Vietnam, who the club has supported with a microloan.
Thúy is 36 years old, married, and has four children. She has operated a food stall/restaurant selling fish for eight years. Thúy lives in Hau Loc district, a rural town in Thanh Hoa province in Vietnam. Her family is a low-income household in the village. The region where she lives often suffers from natural disasters, such as severe storms, because it is near the sea.
In 2011, Thúy joined Thanh Hoa Microfinance Institution to improve her business. She is considered a reputable person in her community and she has fully repaid six previous loans.
The main hardship that Thúy faces is lack of capital. She is requesting a loan to purchase tools for fishing. With her business profit, Thúy hopes for her business to do well, for her family to be healthy and happy, and for her children to do well in school.
In 2011, Thúy joined Thanh Hoa Microfinance Institution to improve her business. She is considered a reputable person in her community and she has fully repaid six previous loans.
The main hardship that Thúy faces is lack of capital. She is requesting a loan to purchase tools for fishing. With her business profit, Thúy hopes for her business to do well, for her family to be healthy and happy, and for her children to do well in school.