Microcredit

06/10/2023 Views: 1604

Microcredit is one of the core activities of the Thien Chi Center. It aligns perfectly with the mission to improve the capacity of the communitirs to solve their own problems. The loans are granted after a complete study of the families situation. The money is dedicated to create more money. Household with a plan to use the capital are more likely to receive a loan. Training programs are also put in place, so that people can learn how to properly use the money. It also helps reducing the risk of the investment.

Each loan is granted for one cycle of 6 months, and a Thien Chi employees visits the family every months to make sure that no problem emerges. Thien Chi also works closely with the local authorities and the village workers, who keep them updated on the situation. Everything is done to ensure the success of the loan. 

The first loan is always of a smaller amount, from 2,000,000 VND to 5,000,000 VND (80$ to 200$) depending on the model. After each cycle, a decision has to be made to renew the loan, and if it is the case, to increase it. The ultimate goal is that the average income of each person in the family exceeds 1,200,000 VND (or 1,500,000 VND, depending on the area). This corresponds to around 2$ per person per day. It gives credit to their models in the eyes of the traditional banks. Although Thien Chi does not provide loans anymore, they rely on the village workers to keep them updated. In case the family falls back under the 1,200,000 VND limit, Thien Chi can consider getting them back into the program.

Other Campaigns

Thiện Chí Center, in collaboration with OIF, is implementing the project “Economic Development for Disadvantaged Rural Women.”

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As part of the project “Autonomisation des femmes défavorisées grâce à l'indépendance économique et à l'accès aux soins de santé - Phase (2025 - 2028)”, funded by the Organisation internationale de la Francophonie (OIF), the Thiện Chí Center officially launched field activities in Tánh Linh and Hàm Thuận Nam districts, Bình Thuận province starting from July 2025. The project aims to support 300 economically disadvantaged rural women to improve their livelihoods, strengthen their capacity, and enhance access to essential health services and gender equality initiatives.

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On Ngo Thi Nham Street, Duc Tai Town, stands a small charity house at No. 59 where Ms. Phan Thi Kim Huong lives with her husband, Mr. Vo Van Khinh, and their family. They have two children: their eldest daughter, Kieu, is in grade 7 but struggles with learning, while their youngest son, Xuan Phi, a second grader, has a disability and is receiving intervention at Thien Chi Center.

Supporting Ms. Nhi’s Family – Accompanying Little Sang Through Hardships

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Ms. Nhi’s family lives in Duc Hanh 1 Hamlet, Hoai Duc Commune, Lam Dong Province. The family, consisting of four members, is facing many difficulties, especially since their youngest son, Sang, was born and diagnosed with Down syndrome.

The Journey of Love – Scholarship Survey Trip of Thien Chi Center

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Under the blazing sun or during the pouring rain of summer days, the journey of Thien Chi Center quietly continues. It is a journey to modest homes and families still struggling to make a living. Not to give away something grand, but to listen, to understand, and to search for seeds of hope silently growing amidst hardships.

Heartfelt Gratitude for the Meaningful Scholarship Support

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We would like to express our deepest and most sincere gratitude to our Sponsors who have accompanied us throughout this time. The monthly scholarships generously awarded during the academic year 2024–2025 are not only valuable in material terms but also serve as an invaluable source of spiritual encouragement for us.

Support for the Family of Dương Ngọc Lan in Difficult Times

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Lan’s family used to live in Nha Trang. Because of high living expenses with many children, they moved to Hamlet 5, Trà Tân Commune, Đức Linh District three years ago. The family has six members: the couple and four children who are all in school (Lê Ngọc Ánh Kim will enter grade 4, Lê Ngọc Cát Tường grade 2, Lê Dương An Khang grade 1, and Lê Hoàng Quân kindergarten).