Hanoi: Chi Em for profit business venture

We are trying to think of ways to complement the microfinance lending project. Once the clients have access to capital, how will they be able to leverage their local resources to increase their income? What are other business development ideas? When we were looking into the prices that the farmers receive from their rice production, we realized that they get paid below market prices and the rice is sold at levels 3 x what they receive in markets in Hanoi. So one idea is to eliminate the middleman who is reaping all of the profit. Using a business visa, Chi Em intends to set up a for-profit business venture that purchases specialty rice from our clients in Dien Bien at elevated prices and sells the rice to Hanoi merchants and restaurants. With the goal of poverty alleviation without direct charity, Dien Bien farmers will be paid an above-market price for their crops, thereby eliminating the middle-man and increasing their income. The idea is to act as a facilitator to establish direct purchasing relationships between Dien Bien farmers and merchants and restaurateurs in Vietnam.

Bobby Chinns, the hottest restaurant in Hanoi, has already expressed interest in purchasing our Dien Bien rice and adding it to their menu! Check out the restaurant : http://www.bobbychinn.com