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With these challenges in mind, the FESR was founded in 2000 to begin to solve the problems of economic development and gender equality in Hue City and the surrounding countryside. Successful use of microfinance activities as a model, the FESR started lending small loans (100-600 USD). Unlike other micro-credit activities, the FESR maintained a low interest rate, low collateral selection for those who may have difficulty has been the source of capital.
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