Hoa T. P. is 44 years old and has two children, both of whom are in school. She makes a living by growing rice and raising chickens so she can sell their eggs. She will use her portion of this loan to buy chicken feed and build a structure where she can house her livestock.
Khuyen T. T. is 43 years old and has three children. She makes a living growing rice and vegetables and also runs a small shop. She will use her portion of this loan to improve her store.
Kim T. N. is 41 years old and makes a living running a shop where she sells fresh fruit. She will use her portion of this loan to improve her shop.
Hanh T. N. is 47 years old and makes a living selling scrap metal. She will use her portion of this loan to expand her business.
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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Success!! The loan was 100% repaid