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Ngô's Group
In this Group: Ngô, Nguyễn, Nghiêm, Trần, Nguyễn, Nguyễn, Ngô, Ngô, Nguyễn
Vỹ Ngô Thị, age 48, lives in the town of Huyện Yên Phong-tỉnh Bắc Ninh. Vỹ is the group leader of a nine-member group loan offered by SEDA. While each member of the group receives an individual loan, they all are responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Đông Mai 2 nhóm 06 (Nhóm 06).

Vỹ is married and has three adult-aged children. To make a living, Vỹ owns and operates a manufacturing business. She manufactures and sells wood products to local businesses and community members. Vỹ has been engaged in this business for over five years and earns approximately 3,000,000 VND a month from these activities.

Vỹ joined SEDA to gain access to financial services to help improve her living situation and increase her ability to engage in business activities. She is now requesting a loan of 5,152,000 VND, which will be used to purchase raw materials to manufacture additional products. The loan will be the first loan she has taken out from SEDA. Vỹ plans to use the additional revenue generated from the business to improve and expand her business.

About the other borrowers in the group:

Nguyễn Thị T., age 48, is requesting a 6,944,000 VND loan to support her furniture making business.

Nghiêm Thị P., age 24, is requesting a 5,152,000 VND loan to support her furniture making business.

Trần Thị H., age 20, is requesting a 5,152,000 VND loan to support her furniture making business.

Nguyễn Thị Nhị, age 26, is requesting a 5,152,000 VND loan to support her furniture making business.

Nguyễn Thị D., age 39, is requesting a 5,152,000 VND loan to support her furniture making business.

Ngô Thị T., age 42, is requesting a 6,944,000 VND loan to support her furniture making business.

Ngô Thị T., age 37, is requesting a 5.152.000 VND loan to support her furniture making business.

Nguyễn Thị

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
  • 79
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 18,960.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Ngô's Group's $2,650 loan helped a member to purchase raw materials to manufacture additional products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011