Currently, we are providing 2 types of loan:

1. Degressive Loan (interest rate 18% per annual applied on declining balance): monthly repayment consists of principle, interest and compulsory saving.

2. Bullet Loan (interest rate 18% per annual applied on declining balance): monthly repayment consists of interest and compulsory saving.

Maximum loan sizes vary according to loan cycle: First cycle (160 Euros), Second cycle (260 Euros), Thirt cycle (330 Euros).

Loan maturity period will range from 3 months to 24 months depending on the purposes of the loan and on the business cycle.

Borrower’s eligibility and sanction of loan will be guided by assessment of character, credit worthiness, capital, collateral (for specific
cases), willingness and capacity to repay loan. Details of criteria for borrower are:

Borrower criteria.

- Being a resident or worker of the community in the area where AnhChiEm operates;

- Being at least 18 years of age;

- Having good moral character and not being involved in any illegal activities;

- Having or having someone in the household having an existing income-generation activity in an area where AnhChiEm operates.

- Having clear business plan (set out in Loan Application Form);

- Being capable to pay back the loan;

- Being in a physical and mental health that allows to handle her/his business;

- Not having an ongoing loan from another money lending organization except Vietnam Bank for Social Policies;

- Not having a desire for moving residence with loan from AnhChiEm until it is fully repaid.

- Having a guarantor who has a business or who lives in AnhChiEm’s target area.