Hiên Thị Vũ has obtained loans from micro-fund organizations for three years and has always repaid on time. She has a monthly income of about 3,500,000 VND. Her family life is difficult, so she wants to access the loan to develop her business and enjoy a better life. So she wants to borrow 6,322,000 VND (approx. 350 USD) to invest in her pig-breeding business.
Hiên Thị Vũ is the group leader of a six-member group loan from SEDA. The five other fund participants are:
Hòa Thị Hoàng is 34 years old and is a hard-worker. She wants to borrow 4,142,000 VND (approx. 235 USD) to invest in pig-breeding.
Mai Thị Năng is 33 years old. She wants to borrow 5,014,000 VND (approx. 285 USD) to start a small business.
Mai Thị Đào is 43 years old. She wants to borrow 4,142,000 VND (approx. 235 USD) to buy food for her pigs.
Liên Thị Lê is 45 years old. She wants to borrow 4,142,000 VND (approx. 235 USD) to invest in pig-breeding.
Lý Thị Đào is 33 years old. She wants to borrow 5,014,000 VND (approx. 285 USD) to start a small business.
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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Success!! The loan was 100% repaid