Ms Hang has taken part in SEDA for four years. She is the group leader of a seven–member group loan with Kiva partner SEDA and repays on time. In the next loan cycle, she would like to borrow 5.014.000 VND (or about $265) to breed pigs and poultry in the hope that it will make a profit so that her family may afford to buy more good furniture.
About the other borrowers in her group:
Hien T. P. is 50 years old. She breeds poultry and cooks wine. She wants to borrow 5.014.000 VND to buy rice for cooking wine.
Oanh T. N. is 28 years old. She breeds chickens and wants to borrow 5.014.000 VND to buy chicken feed.
Thuan T. N. is 51 years old. She wants to borrow 5.014.000 VND to breed poultry.
Vui T. Hoang is 53 years old. She wants to borrow 6.322.000 to buy chicken feed.
Loan T. N. is 52 years old. She wants to borrow 5.014.000 VND for a small business.
Ngu T. H. P. is 30 years old. She wants to borrow 5.014.000 VND to invest in her 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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