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Phạm's Group
In this Group: Phạm, Nguyễn, Đào, Nghiêm, Vũ, Dương
"H. Phạm Thị (20213010064) is a 51 year-old female living in the town of Yên Phong - Bắc Ninh. H. is the group leader of a 6-member group loan offered by SEDA. 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. The official name of this borrowing group is An Ninh 2 (12).


H. is married and has 2 adult -aged children. To making a living, H. owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily use products such as shampoo, soap & toothpaste in the local community. H. has been engaged in this business for over 5 years and earns approximately 2.000.000 VND a month from these activities.


In 2009, H. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. H. has successfully repaid a previous loan of 3.186.000 VND from SEDA. This previous loan was used to purchase additional products to sell. She is now requesting a new loan of 6.048.000 VND which will be used to purchase additional products to sell. The loan will be the 2nd loan taken out by the borrower from SEDA. H. plans to use the additional revenue generated from the business to financially support immediate members of the borrower's family.


About the Other Borrowers in the Group:


1. Nguyễn Thị X. (20213010065) is a 33 year-old female who is requesting a 6.048.000 VND loan to support her business in the services sector providing waste management services.


2. Đào Thị T. (20213010066) is a 52 year-old female who is requesting a 6.048.000 VND loan to support her business in the manufacturing sector operating a manufacturing business.


3. Nghiêm Thị L. (20213010067) is a 40 year-old female who is requesting a 6.048.000 VND loan to support her business in the food sector making & selling food.


4. Vũ Thị H. (20213010068) is a 25 year-old female who is requesting a 6.048.000 VND loan to support her business in the food sector making & selling food.


5. Dương Thị

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

  • $725
    Average annual income
  • 26
    View loans »
    Vietnam Loans Fundraising
  • $12,569,150
    Funds lent in using Kiva
  • 17,840.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Phạm's Group's $2,050 loan helped a member to purchase additional products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2009
Listed
Oct 15, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 16, 2010