For about four years, Nối Thị Đồng has been raising poultry and selling vegetables to earn a living. Specifically, those jobs provide her with an income of approximately 3,000,000 VND a month.
From 2005, Nối Thị Đồng has taken part in SEDA’s program and has repaid her loans punctually. Currently, she needs to borrow 7,630,000 VND (approximately 420 USD) to invest more in her business, wishing that it will turn a profit so that her family may have a sum of money to buy more furniture.
In regard to other members in her group:
Năm Thị Nguyễn (id: 010117140053) is 55 years old. She wants to take out a loan of 7,194,000 VND (approximately 395 USD) to sell clothes.
Hà Thị Nguyễn (id 010117140054) is 41. She also wants to borrow 7,194,000 VND (approximately 395 USD) to raise poultry and to open a forge.
Hưng Thị Nguyễn (id: 010117140005) is 53. She needs to take out a loan of 6,758,000 VND (approximately 370 USD) to invest in selling sugarcane.
Nhung Thị Nguyễn (id: 010117140055) is 39. She would like to borrow 6,322,000 VND (approximately 345 USD) to grow vegetables.
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