Financials

At the end of 2009, FESR had distributed nearly 0,5 million USD in loans (18,000 VND = 1 USD). Repayment rates exceeded 98% and gross interest exceeded operating expenses by a substantial margin. Net proceeds were used primarily to recapitalize the fund. Remaining amounts were invested in community development projects, used to maintain facilities, and provide performance bonuses to staff.

Typical FESR loans ranged from 150 to 550 USD and are paid back as monthly over a period of from 10 months to 12 months