Join us in the adventure of microfinance in Asia!

Thanks to its universality, microfinance (credits, savings, instruction), carried out in a responsible manner, embraces a large spectrum of values: humane through its attachment to individual development, social in terms of its communitarian approach, economic in its logic of pressing productive investment, and more and more environmental in the light of forthcoming climatic changes.

“Chi-Em” is a project based on sane foundations and supported by KBL and the Comité de Soutien de la Microfinance (“Support Committee for Microfinance”).

With the operational support of the Luxembourgish NGO "Aide au Vietnam" (“Help for Vietnam”, www.aideauvietnam.org) and the collaboration of the French NGO "Entrepreneurs du Monde" (“Entrepreneurs of the World”, www.entrepreneursdumonde.org), several employees of KBL European Private Bankers had the chance to participate, through voluntary work, in the development of a project focused on ethnic minorities in a retreated region of Vietnam.

“Chi-Em” is a recent program (www.chi-em.org) comprising approximately 1000 clients and an outstanding credit of more or less 60’000€. The program is aiming for an operational efficiency through internal increase within the next 5 or 6 years. The perspectives are important because the microfinance operators, who extend their network to the mountains of North Vietnam, are rare. This region is the poorest of the entire country. In a zone of preserved ecologic wealth, ethnic communities (Black Thai and H’mongs) attempt to survive with very little means. Nevertheless, the potentialities are: rice, coffee, the breeding of cattle, poultry and fish. All they need is help to launch the virtuous process of development.

The sum of attributed credits starts at 60€ over 3 or 6 months. This is sufficient to launch a small breeding. The whole program focuses on the progress of men and women through the means of acquiring knowledge on management classes, technical assistance for agriculture and hygiene. This is the recipe of a microfinance that promotes individual and collective interest, individual choice and a trajectory of progression.

You can get involved in two ways

If you wish to organise a similar project within your corporation, we can help set it up, based on our experience and contacts.

If you simply wish to show your concern and your belief in the values fortified by the “Chi-Em” project, you may do so through financial support in microloans. The 2010 budget remaining to be covered is at 45’000 €, of which 8% for follow-up costs. You can make your donations on the following account of “Aide au Vietnam”: CCPLLULL - LU83 1111 2406 0444 0000, specifying “Chi-Em” in the communication. For more details, a complete record of the project is available.
Do not hesitate to contact Xavier Heude at the following address:

Private email address: homanity@gmail.com

Mobile number: + 352 661 100 289