EDM Vietnam

An Entrepreneurs du Monde microfinance initiative. Entrepreneurs du Monde is a non-governmental non profit organization based in France which operates in developing countries to enable the poorest members of the population to develop small economic ventures by giving them access to credit, savings and training.

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Name: Katharine
Location: Hanoi, VN

I joined Entrepreneurs du Monde in March of 2006 and moved to Vietnam in October 2006. EDM currently supports a local microfinance organisation in Hanoi named Binh Minh. In January, I teamed up with Nathalie Miller to set up a new microfinance project in Dien Bien Phu, a project we call 'Chi Em'.

Saturday, February 10, 2007

Hanoi: The AUTHORITIES

On Thursday, I registered EDM with PACCOM - the authorities in charge of giving permits to foreign organisations. The meeting went really well - ! There are three levels of permits - (i) permit for operation, (ii) permit for project office and (iii) permit for representative office. I applied for a permit for a project office. I believe that EDM will be able to get a permit for operation (enabling me to operate and share office space with my partner) and after 6 months of proper monitoring of our activities, we may be able to get a permit for a project office (enabling me to get a real office with an EDM sign). After two years of activities, EDM can apply for a permit for representative office, meaning that we are legitimate here.

I am trying to go up to Dien Bien in two weeks to do a poverty assessment of our proposed working site so we can propose a new program. In one week, TET begins, which is the Vietnamese new year. Nothing will get done one week before and after TET.

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