L. T. D. is 53 years old and has four children. She makes a living by raising livestock and growing rice, vegetables and potatoes on 4500 square meters. of land. She is applying for this loan to buy feed for her chickens.
Tat T. L. is 39 years old and has two children, both of whom are in school. She makes a living by growing rice and raising pigs. She will use her portion of this loan to create a shelter for her animals.
Thuong T. D. is 49 years old and makes a living selling scrap metal. She will use her portion of this loan to expand her business.
Dan T. V. is 40 years old and makes a living running a grocery store. She is applying for a loan to expand her shop.
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