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Luong T. V. is 54 years old with two children. One of them is married and the other has been at vocational school for two years. To have money for him to finish his studies, she opened a small grocery shop right at her house. It developed more and more when she used money that she borrowed from our credit program to buy more new kinds of products to sell. Therefore, she can earn 100,000 VND profit per day.

Currently, her son is going to graduate from school and find a job. She needs to have a loan of 9,374,000 VND to buy him a motorbike.

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.

About Vietnam

  • $5,600
    Average annual income
  • 118
    View loans »
    Vietnam Loans Fundraising
  • $15,326,650
    Funds lent in using Kiva
  • 20,870.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Luong to buy her son a motorbike.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Mar 3, 2011
Apr 7, 2011
Currency Exchange Loss:
Mar 15, 2012