Name: Nguyen Thi Lac
Location: HUYỆN HỚN QUẢN, BÌNH PHƯỚC PROVINCE,
Business: Rubber Tree Planting
Semester Loan was Given: Fall 2011
Loan Amount: 14,700,00 VN$ ($700USD)
Personal and Family Information: Married to a war
veteran with two children.
Nguyen Thi Lac is a hard working mother of two and a wife to a
war veteran who wants to provide the most she can for her family.
Her husband and oldest son are disabled, which makes it very hard
for Nguyen Thi Lac to provide for her family as well as take care
of her family. The loan will help make her life easier when it
comes to providing for her family and giving her more time to care
for her family. And she wants her youngest son to attend
Her past experience includes farming as well as rice and tree
planting. Nguyen Thi Lac will use the loan money to plant rubber
trees, which is a new business for her. With the money she will
purchase seeding, fertilizer and a machine to work on the land.
Nguyen Thi Lac will use her expertise in farming and tree planting
to create a successful new business. Rubber tree planting is very
popular in the area where Nguyen Thi Lac lives indicating a high
demand for this type of product. Ensuring Nguyen Thi Lac’s business
will be successful.
In the first few months of her new business she will plant crops
on the land as well as the rubber trees. The rubber trees take a
longer time to grow than the crops so she will sell the crops which
will help her repay her loan while the trees grow. Once the first
six months have past she will be ready to sell her trees and begin
her new life. She is determined to make a better life for herself
and her family and with the help of this loan she will be!