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Tu's Group
In this Group: Tu, Quang, Mai, Hai
Tu T. V. is 26 years old. She lives in Xom Thuong village. She is married with two children. The children are going to school. Mrs Tu sells fruit in the market. She earns 100,000 Vietnamdong to 150,000 Vietnamdong (VND) per day. She is the group leader of a four-member group loan offered by SEDA’s microfinance program. She has participated in SEDA since 2007 and repaid punctually. In this loan cycle, she wants to borrow 5,450,000 VND to buy more fruit to sell.

About other borrowers in her group:

Quang V. N. is 40 years old. He grows trees and breeds poultry. He wants to borrow 6,758,000 VND to invest in livestock.
Mai T. N. is 41 years old. She wants to borrow 6,758,000 VND to breed the pigs.
Hai T. N. is 54 years old. She has a store. She wants to borrow 654,000 VND to invest in her store.

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
  • 69
    View loans »
    Vietnam Loans Fundraising
  • $12,936,375
    Funds lent in using Kiva
  • 18,953.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Tu's Group's $1,050 loan helped a member to buy more fruit to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 19, 2011