Hong T. N. is 39 years old. She has three children who are at both high school and secondary school. She is running a small restaurant that serves breakfast to the local residents. She wants to have a loan of 6,322,000 VND to invest in her business.
Dien T. N. is 36 years with two children who are in secondary school. She is building a new house. She needs 4,142,000 VND to buy more construction materials.
Tue T. D. is 44 years old with three children, two of whom are in high school. She is running a shop that sells bicycle parts to repair bicycles. Currently, she needs to have a loan of 5,014,000 VND to invest in her shop.
Son T. N. is 54 years old with three children. She is a farmer. Currently, she is raising pigs for meat and buffaloes. She wants to have a loan of 5,450,000 VND to invest in buying food and a part of it to improve the house for them.
Hoan T. N. is 26 years old with two children who are still small. She is making protective gloves under the order of some factories. Currently, she wants to have a loan of 2,398,000 VND to buy cloth as a raw material.
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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