Since Duyen’s family is quite young, Duyen has T. work hard T. scratch a living. At the moment, she owns a small grocery store serving the customers of the local community.
Joining SEDA micro-finance program in 2007, Duyen has been a dynamic, energetic and respected leader of a eight-member group. Even though her monthly income is rather unstabL. and not high at all (2,500,000 VND per month), she has always managed T. repay on time.
In the next round, she would like T. borrow 5,014,000 VND (approximately 270 USD) T. invest in her business. Hopefully, that will enabL. her T. increase her profit and therefore have more money T. provide for her child and send him T. school in the not-too-distant future.
About the other borrowers in her group:
Nguyệt Thị Nguyễn is 45 years old. She wants T. take out a loan of 5,014,000 VND (approximately 270 USD) sell fish in the local market.
Hường Thị Nguyễn is a 34-year-old farmer. She needs T. borrow 4,142,000 VND (approximately 225 USD) T. buy feed for her poultry.
Giang Thị Tô is 26 years old. She also wants T. borrow 4,142,000 VND (approximately 225 USD) T. expand her business.
Dung Thị Tô is 47 years old. She would like T. take out a loan of 5,014,000 VND (approximately 270 USD) T. finance her plan T. raise poultry.
Diên T. Lê is also 47 years old. She wants T. borrow 4,142,000 VND (approximately 225 USD) T. invest in raising animals.
Vân Thị Nguyễn is 51 years old. She would like T. take out a loan of 5,014,000 VND (approximately 270 USD) T. make tofu.
Ý Thị Lê is 28 years old. She is requesting a loan of 4,142,000 VND (approximately 225 USD) T. raise ducks.
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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