Bui Thi Thiet

Ms. Bui Thi Thiet is well renowned within her commune of Tan Lap in the Lac Son district, Hoa Binh province. In 2013, she received the Citi Microentrepreneurship Award sponsored by Citibank Fund, MACDI and the State Bank of Vietnam for her highly commendable efforts at starting her own business. 

At the age of 30, she was a widow who lived with her three children and mother. She had no money and no property. She was a freelancer who worked on the rice paddies of other farmers and could not earn enough income to sustain her family.

In 2006, she decided to take out a loan of 8,000,000 VND from the Social Policy Bank. In the hopes that her family’s situation would be less difficult, she bought a cow. However, as she was working full-time for other employers and had limited knowledge about how to raise a cow, it died after five months from disease. Ms. Bui Thi Thiet rapidly lost hope about how to repay the loan. It was due to her three children that she decided to persevere through hardship.

She received a loan of 5,000,000 VND from MFCDI in 2011, in which she bought five pigs. After 6 months, she was able to earn more than 16,000,000 VND. Apart from the microloan, Ms. Bui Thi Thiet was also advised of construction techniques for barn building and provided with training for career starting and business management.

With practical and theoretical experience, she was able to contact and retain suppliers, as well as develop strong relationships with her customers. She was recognized as reliable, efficient and always possessed thirty pigs in her farm. In addition to her pig farm, she boldly invested in the production of tofu and wine. Ms. Bui Thi Thiet currently employs six people and her family income has increased up to 60 million VND.

After receiving the 2013 Citi Microentrepreneurship Award she said, “While there were many obstacles in starting my business, my family’s economy has developed. My children have a chance to go to school. This award is a great honor for my family and me.

“I realized that receiving a loan is not enough. The way you use the loan is more important. MACDI had given me knowledge, precious experiences in breeding and things that could not be counted by money. They are the only organization to care about the community and about every person’s fate in dedicated ways”.

 Microfinance is not only for one person. It brings hope and belief into their entire family.

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