The non-profit initiative is committed to helping disadvantaged children around the world.
One of the aims of the LOAN Stiftung foundation is to give children from remote regions – and particularly those belonging to ethnic minorities – an independent future. A proper education is a key requirement in this. The LOAN Stiftung currently supports schools in northern Vietnam by providing funds for teaching materials, as well as for food and lodging.
The LOAN Stiftung foundation was established by Isabelle Müller, a writer and the wife of inovex founder Stephan Müller. Together with her Vietnamese mother Dau-Thi-Cuc, known as Loan, she travelled around south-east Asia in the 1990s to discover her roots. The mother of two children herself, the future of children in northern Vietnam is particularly close to her heart. The Vietnamese government supports the LOAN Stiftung foundation and the Vietnamese social services oversee the projects at a local level, while Isabelle Müller visits Vietnam regularly to personally check on their progress. inovex is delighted to support the foundation, as we know that 100% of every euro is spent in helping children.
Against all the odds, work began in June 2020 on Project 32, the Foundation’s largest project to date, the creation of dormitories and sanitary facilities for 160 children in Minh Son.
In October and November 2019, the LOAN Foundation successfully completed several projects. The primary schools and kindergartens in Cao Chu Phin (Project No. 18), Ban Dung (Project No. 19), and Ly Chu Phin (Project No. 22) were completed and opened. Furthermore, in Minh Tan, dormitories for 160 children were set up in order to save them the long and difficult journey to school during the week (Project No. 24).
Building a proper, functional sanitation facility has significantly improved the lives of children (and teachers) in the secondary school of Xin Cai.
The LOAN Foundation has managed to get a TV report in Vietnamese television. As a result, the foundation gets a lot of reach in Vietnam and has a great positive response, especially among young Vietnamese. With an additional team of 16 volunteers in Vietnam, there is now a very powerful team behind the foundation. Meanwhile, the Vietnamese website of the LOAN Foundation is live.
