Did I write this properly?

It is through our annual couture lingerie shows that we create funds for microfinance, which in return create loans for less priveleged women around the world to start or expand their business.

No. Revise. Our annual shows of haute couture lingerie generate funds for microfinance, which in turn create loans for underprivileged women worldwide to start or expand their own businesses.

Microfinance Women

Microfinance Women

I wish to help a friend in Viet Nam get a microloan to start her small business, a coffee shop. How do I help?

My friend Oanh is near Da Lat city, in Lam Dong province, in south central Viet Nam. I would like to help her to find an NGO in Viet Nam that does microfinance and begin the process of refining her small business plan and applying for a micro loan. I am asking for help in finding NGOs engaged in microfinance in Viet Nam as well as in finding similar NGOs that help poor women not only to obtain a micro loan, but also assist them in the planning and launching of their small business. In Oanh's case, her goal is to open a small coffee shop which would allow her to support her immediate family -- a younger sister and their father, neither of whom are able to work at present -- in a dignified and responsible manner. My wish is to help my friend Oanh pursue her goal, thereby allowing her to support her family in a positive manner. I'm new to micro loans in Viet Nam and would welcome any guidance offered which will allow me to help a dear friend and special woman in Oanh. Thank you!

Hello,

You will find at the the Mix link below some reliable microfinance institutions (MFIs). If the link does not work, choose "MFI" then the country in "Regions and country".

Keep in mind that most of the time, institutions do not lend to start-up but rather support existing microentrepreneurs. It is too risky for the financial institution/NGO and it is most of the time a failure. I believe your friend Oanh should rather work and learn with another microentrepreneur and help him to get a micro credit with one of the existing MFIs.

Good luck

Microfinance Women
No Son Invisibles: Maya Women and Microfinance, featuring Muhammad Yunus

Microfinance Women

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