The United States Agency for International Development (USAID), an independent federal government agency that provides economic and humanitarian assistance, will provide USD 300,000 in loans to 750 Vietnamese people who are either living with HIV or are caregivers to “orphans or vulnerable children” [1,2]. The program will operate under the United States President’s Emergency Plan for AIDS Relief (PEPFAR) [1,3]. The loans will be used to either start small businesses or begin other “livelihood activities” [1]. The program focuses on seven provinces in Vietnam: Quang Ninh, Hai Phong, Hanoi, Nghe An, Can Tho, An Giang and Ho Chi Minh City [1]. The average loan size will be USD 450 and the loans will be disbursed over the course of the next 12 months [1]. It is unspecified if the borrowers will pay interest [1]. Potential borrowers must present a “feasible business plan” to project workers including a plan to repay the loan within three years [1].
By Christopher Maggio, Research Assistant
About:
United States Agency for International Development (USAID)
Description:
The United States Agency for International Development (USAID) is an independent federal government agency that provides economic and humanitarian assistance globally. It focuses on areas such as economic growth, agriculture and trade, global health, democracy, conflict prevention, and humanitarian assistance. Under the Development Credit Authority (DCA), it provides partial credit guarantees that cover up to 50 percent of defaults on loans made by private financial institutions to institutions that lend to underserved borrowers.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/usaid-credit-guarantees
Organization’s Website
http://www.usaid.gov/
Contact Information:
General inquiries via telephone:
Telephone information specialists at +1 202 712 4810. Fax question to +1 202 216 3524. The agency’s main telephone number is +1 202 712 0000.
General inquiries via postal mail that are not directed to a specific person:
Information Center
U.S. Agency for International Development
Ronald Reagan Building
Washington, D.C. 20523-1000
Additional Resources:
MICROCAPITAL.ORG STORY: USAID Launches Partnership With Grameen Foundation With $162.5m Credit Guarantee: https://www.microcapital.org/microcapital-story-usaid-launches-partnership-with-grameen-foundation-with-usd-1625-million-credit-guarantee/
Bibliography:
[1] Fair Loan Rate article entitled ‘US Loans for people living with HIV and Child Caregivers’: http://www.fairloanrate.com/2009/12/17/us-loans-for-people-living-with-hiv-and-child-caregivers/
[2] USAID: www.usaid.gov/
[3] PEPFAR: http://www.pepfar.gov/
Source Article:
Fair Loan Rate article entitled ‘US Loans for people living with HIV and Child Caregivers’: http://www.fairloanrate.com/2009/12/17/us-loans-for-people-living-with-hiv-and-child-caregivers/
Similar Posts:
- MICROCAPITAL BRIEF: Al-Qutaibi Funding Renewable Energy Products, Climate Adaptation Strategies for SMEs, Farmers in Yemen in Collaboration with USAID
- MICROCAPITAL BRIEF: Opportunity International, UPS Foundation Announce “Unstoppable Women Initiative” to Expand Financial Services in Colombia, India, Indonesia, Nigeria
- MICROCAPITAL BRIEF: Jeff Flowers to Lead FINCA Impact Finance
- MICROFINANCE PAPER WRAP-UP: “Digital Finance Campaign Replication Guide,” Published by USAID
- MICROCAPITAL BRIEF: Visa, Oxfam to Expand B-READY to Provide Pre-disaster Cash Assistance in Colombia, Kenya, Puerto Rico