T., married and the mother of two adult-aged children, owns and operates a handicraft business whose main source of income comes from selling wood handicrafts to tourists and local community members. T. has been engaged in this business for over seven years, earning approximately 2.000.000 VND a month.
T. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. She is now requesting a loan, her first from SEDA, of 5.152.000 VND to invest in expanding the business. T. plans to use the additional revenue generated from the business to further improve/expand her business.
About the Other Borrowers in the Group:
1. Trương Thị A. (20203050084), 52, is requesting a 5.152.000 VND loan to support her business in the agriculture sector raising livestock.
2. Trương Thị Dư (20203050085), 46, is requesting a 5.152.000 VND loan to support her manufacturing business.
3. Trương Thị T. (20203050086), 21, is requesting a 5.152.000 VND loan to support her manufacturing business.
4. Nguyễn Thị T. (20203050087), 45, is requesting a 5.152.000 VND loan to support her business in the agriculture sector raising livestock.
5. Trương Thị L. (20203050088), 42, is requesting a 5.152.000 VND loan to support her furniture-making business.
The mission of SEDA (Center of Small Enterprise Development Assistance) is to provide microfinance services to the low income and disadvantaged people in rural areas of Hanoi and the Northern provinces of Vietnam.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Vietnamese while providing quality and accurate information to Kiva lenders.
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.
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