H. is married and has 2 adult -aged children. To making a living, H. owns & operates a business venture in the services sector operating a service-based business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing food services to local community members. H. has been engaged in this business for over 10 years and earns approximately 5.000.000 VND a month from these activities.
H. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. She is now requesting a new L. of 5.152.000 VND which will be used to purchase additional inventory & used as working capital. The L. will be the 1st L. taken out by Hoat from SEDA. H. plans to use the additional revenue generated from the business to improve and expand her business.
About the Other Borrowers in the Group:
1. Nghiem Thị S. (0) is a 47 year-old woman who is requesting a 5.152.000 VND L. to support her business in the agriculture sector raising livestock.
2. Nguyen Thị K. (0) is a 46 year-old woman who is requesting a 5.152.000 VND L. to support her business in the services sector providing recycling services.
3. Nguyen Thị L. (0) is a 39 year-oldwoman who is requesting a 5.152.000 VND L. to support her business in the agriculture sector raising livestock.
4. Nguyen Thị H. (0) is a 34 year-old woman who is requesting a 5.152.000 VND L. to support her business in the agriculture sector raising livestock.
The mission of SEDA (Center of Small Enterprise Development Assistance) is to provide microfinance services to the low income and disadvantaged people in rural areas of Hanoi and the Northern provinces of Vietnam.
*Note: To maximize efficiency and reduce costs, this L. was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Vietnamese while providing quality and accurate information to Kiva lenders.
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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