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, Vietnam

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'.

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Saturday, January 19, 2008

Dien Bien Phu: 34 new clients in November

Photo: Nathalie talking to clients at loan release

EDM has successfully launched a microfinance project, ‘Chi Em,’ in Dien Bien Province, near the Laotian border of Vietnam. While we had 100 women initially signed up in our loan program, only 34 women actually took our loans as our first loan release coincided with the October harvest season, a time where our clients are relatively rich compared to the rest of the year. Partnering with the Women’s Union (WU), EDM has hired and trained a small management team from the WU in Dien Bien District consisting of 1 project supervisor, 1 accountant, 1 credit supervisor, 1 communal credit officer and 5 cluster heads at the village level.

posted by Katharine | 7:18 PM

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