Manh Tan-1-1 Group
Mr Thom has been a taxi driver for two years. For the first cycle, he used the loan to pay for his fee to attend a drivers training course. After one year, he found a job as a taxi driver and began to get a stable salary. Since he started participating in the credit program, he has had a good repayment history. Now, he needs a loan of 6,322,000 Vietnamese dong to buy a sewing machine for his wife.
Huong is 26 year old with 1 child. She manages a small restaurant in her village. She needs a loan of 6,322,000 Vietnamese dong to buy some equipment for her restaurant.
Quyen is 30 years old with a small child. Being retail merchant , he focuses on selling chicken for meat in the local market. He wants a loan of 6,322,000 Vietnamese dong to buy more chicken to meet the demand of customers.
Ngan is 41 years old with 2 children. She is raising 5 pigs for meat. She needs a loan of 6,322,000 Vietnamese dong to buy food for them.
Thiet is 26 years old. She manages a wood work shop and needs a loan of 6,322,000 Vietnamese dong to buy wood.
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