Small family enterprises often create many jobs but banks are not flexible enough for them.So we lend them at 12%/year.
In Dúc Linh hundreds of jobs have been created this way: processing of cashew nuts, textiles for export... The loans are bigger (450 €) so we require the commune to approve the loan which reduces the risks. Till today all loans have been reimbursed.
Small family enterprises often create many jobs but banks are not flexible enough for them.So we lend them at 12%/year.