Du T. L. is a farmer. She grows rice, corn and vegetables and raises pigs for meat. This business has been run for a long time. It helps her to have food for her family and the sale of the products help them have cash to pay for their daily needs.
Being a client of our credit program since 2006, she has been a good group leader. Currently, she wants to have a loan of 5,886,000 VND to buy food for pigs.
Huyen T. N. is 29 years old. She has a hair salon shop at home. She needs to have a loan of 5,014,000 VND to buy more hair care products.
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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