Tiến
A loan of $1,975 helps to purchase additional acacia seedlings for planting.
Tiến's story
Mrs. Tiến is a 58-year-old widow. All her children are adults and live far from home due to challenging financial circumstances. She is currently the primary caregiver for her 9-year-old grandchild, who resides with her. Despite her modest means, Mrs. Tiến works hard to support her family.
Her main source of income comes from working at a local eatery and growing acacia trees for timber. However, her earnings are just enough to cover daily expenses. Recognizing the long-term profitability of acacia tree cultivation and its contribution to environmental sustainability, Mrs. Tiến is determined to expand her plantation.
To achieve this, she is seeking her second loan from Thanh Hóa MFI. She plans to use the funds to purchase additional acacia seedlings to replace the trees that have already been harvested. Mrs. Tiến anticipates that the new trees will mature in five years, providing her with a steady income for her retirement and improving her quality of life.