LOAN Foundation supports students in Vietnam on 10th anniversary
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The LOAN Foundation awarded scholarships to 15 students from disadvantaged backgrounds in Hà Nội, Việt Nam, on October 17th, celebrating a decade of work to improve educational opportunities.
Vietnamese-German writer Isabelle Müller, founder and president of the foundation, presented the scholarships as part of Projects No 5 and No 25. The recipients, including orphans, have shown strong academic performance despite facing financial hardship.
The scholarships will help students attend universities like the Hà Nội University of Science and Technology and the Banking Academy of Việt Nam, increasing their chances of finding employment after graduation. Students expressed gratitude for the support, saying it eased financial burdens and motivated them to succeed.
Lộc Thuỷ Tiên, a student at the Banking Academy of Việt Nam, said the scholarship had been “a lifeline.” Müller described the event as a moment of pride, having known some of the recipients for several years. She noted the students’ improved confidence and English skills, and expressed happiness at seeing them prepare for their futures. The foundation plans to expand its scholarship program to reach children in central Việt Nam, particularly ethnic minority children in remote areas bordering Laos.
Since 2016, the LOAN Foundation has raised over US$1.79 million, built 28 schools, and supported more than 5,000 children. The foundation also received the Inspirational Project award at the 2023 Human Act Prize for its community work.
