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Thinh's Group
In this Group: Thinh, Lien , Dong, Trong, Bac, Tham
Thinh T. T. is 45 years old. She lives in Co Duong village. She has two children who are going to school. She and her husband are farmers who grow vegetables and breed pigs. They have a monthly income of about 2,500,000 VND. With such a low income, they find it very difficult to raise their children. Mrs Thinh has participated in SEDA's microfinancing program since 2007 and has repaid punctually. She is very happy because she can save money each week. She is the group leader of a 6-member SEDA group loan. In this loan cycle, she would like to borrow 5,014,000 VND to buy 50 chickens. Hopefully, this plan will turn a profit so that her family may afford to buy more household appliances.

About the other borrowers in her group:
Lien T. T. is 40 years old. She sells chickens in the market. She wants to borrow 7.194.000 VND to expand her business.
Dong T. T. T. is 32 years old. She is a hairdresser. She wants to borrow 5,014,000 VND to invest in her shop.
Trong T. T. is 46 years old. She wants to borrow 4,142,000 VND to breed chickens.
Bac T. T. is 55 years old. She wants to borrow 2,398,000 VND to breed pigs.
Tham T. T. is 37 years old. She wants to borrow 5,014,000 VND for her small business.

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
  • 129
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 18,800.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Thinh's Group's $1,550 loan helped a member to buy 50 chickens.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 19, 2011