Name: Trần Hoàng Yến (Head Of The Group), Trần
Thị Kim Thu, Trần Thị Thụy Vũ, Đào Thế Thùy Trang
Location: P3 District Binh Thanh, Ho Chi Minh City
Vietnam
Age: 39,27,29,40
Business: Dresses for Supermarkets
Loan Amount: 60,000,000 VN$ (3,000 USD)
Semester Loan was Given: Fall 2011
Personal and Family Information: Single
Tran Hoang Yen is the head of a four-person group of
professional tailors. These four people are going to use their
expertise to help ten women sew dresses in mass production to sell
at the supermarket. The loan will help to expand this already
existing business. Ms. Yen has already borrowed a loan through the
Daughters of Charity in the past. She has paid back her loan on
schedule. This new loan would be used for more sewing machines and
textiles since the business will be hiring new unemployed women in
the area. This loan will not only help one person but also a group
of people. The more people involved with a loan the more people we
are helping out of poverty.
This is GLOBE’s first group loan. As a class we thought this
group loan would be a great first start into a new type of loan.
Since this business is already established and doing very well we
thought the risk would be far less than a group who doesn’t have an
existing business. This group has also taken out a loan before and
repaid their loan in full. They understand how a loan works and are
committed to repaying the loan also lessening the risk. Overall, we
are very excited to give out our first group loan and feel this is
a great opportunity for GLOBE.