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Truong's Group
In this Group: Truong, Đoàn, Trương, Đoàn, Nguyễn, Trương, Nguyễn, Nguyễn
Q. Trong T. is thirty years old and lives in the town of Yen Phong in Bac Ninh. Q. is the group leader of an eight-member group loan offered by DINARI, one of Kiva's field partners. While each member of the group receives an individual loan, they all are responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.


Q. is married and has four school-aged children. To make a living, she owns and operates a business venture in the agriculture sector, raising livestock. While not the only means of generating revenue, the main source of income from the business comes primarily from raising cattle for sale. Q. has been engaged in this business for over eight years.


Q. joined DINARI to gain access to financial services to help improve her living situation through engaging in business activities. She is requesting a loan that will be used to purchase medication for her livestock. This will be the first loan taken out by this borrower. Q. plans to use the additional revenue generated from the business to supplement her family's income.


About the Other Borrowers in the Group:


1. Doan T. Bac is twenty-eight years old and is requesting a loan to support her business in the agriculture sector, raising livestock.


2. Trong T. Hong thirty-three years old and is requesting a loan to support her business in the agriculture sector, raising livestock.


3. Doan T. Tuyen is twenty-two years old and is requesting a loan to support her business in the manufacturing sector, operating a furniture-making business.


4. Nguyen T. Cai is fifty-four years old and is requesting a loan to support her business in the agriculture sector, raising livestock.


5. Trong T. Q. is twenty-two years old and is requesting a loan to support her business in the manufacturing sector, operating a furniture-making business.


6. Nguyen T. C. is twenty-seven years old and is requesting a loan to support her business in the agriculture sector, raising livestock.


7. Nguyen T. T. is twenty-three years old and is requesting a loan to support her business in the retail sector, running a general store.


About DINARI:

The mission of DINARI is to strive for the preservation of the environment, to empower the poor, and to provide socio-economic development opportunities to small business owners.

Additional Information

About SEDA:

The Center of Small Enterprise Development Assistance (SEDA) is a non-profit organization whose vision is to create “a society without poverty.” Founded in 2004, SEDA provides microfinance services to low-income and disadvantaged people in rural areas of Hanoi and the northern provinces of Vietnam through its Binh Minh Micro-Finance Program.

You can also join SEDA’s lending team to assist SEDA in continuing to support its portfolio of borrowers.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Vietnam

  • $5,600
    Average annual income
  • 120
    View loans »
    Vietnam Loans Fundraising
  • $14,469,900
    Funds lent in using Kiva
  • 17,785.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Truong's Group's $2,325 loan helped a member to buy medication for her livestock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2009
Listed
May 6, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010