She is managing a small grocery shop at her house. She sells many kinds of products such as wine, rice and beer. Her business has developed well since she got a loan from our credit program in 2005. Everyday she gets 100,000 VND profit from this shop and it helps her cover her family's expenses.
Besides, she also is growing flowers and raising four pigs for meat.
Currently, she wants to have a loan of 4,142,000 VND to buy fertilizer for the flowers and food for the pigs.
Lai T. N. is 36 years old with two children. She is a builder. After 6 years of working very hard, she can rebuild her own house. Now, she needs to have a loan of 8,066,000 to buy some construction supplies.
Hong T. N. is 34 years old with two children. She is a tailor and has been managing a shop that makes dresses for three years. She needs to have a loan of 8,502,000 VND.
Ha T. D. is 40 years old. She is raising a cow and 200 chickens for eggs. She needs to have a loan of 8,502,000 VND to buy food for them.
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