Lao Weaving Artisans - Micro Credit Project

Summary

This pilot will provide loans to women in the Vientiane Province. Using a microfinance program, SEDA will provide financial services to people whom otherwise would not have access to funds.

What is the issue, problem, or challenge?

The need addressed is creating business opportunities for women who are in poor and remote villages. The members will be able to weave 15 skirts which will generate maximum income equal to $375 USD per month. After the loan interest of $75 USD is paid to SEDA, the individual profit will be $300 USD per month. This program provides the means for these women to escape poverty.

How will this project solve this problem?

In addition to starting a micro credit finance program this project will provide technical support, training, inspection, and quality control and assist in the marketing of the products.

Potential Long Term Impact

This project will test the feasibility of the artisan of silk textile production funded by a micro-credit system. If successful, SEDA will convert expand the variety of loans available and expand the project to a national level.

Project Message

With little or no education and a family to support, many women in Laos struggle to feed their children and keep a roof over their heads...[this project] willcreate a brighter future.
- Souly QuachAngkham, Director/Founder

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources