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Luân is a 52 year-old female living in the town of Yên Phong district - Băc Ninh province. She is married and has 2 adult -aged children. To making a living, Luân operates a family member's business venture in the arts sector operating a manufacturing business. While not the only means for generating revenue, the main source of income for the business comes primarily from manufacturing and selling wood products to local businesses and community members. Luân has been engaged in this business for over 10 years and earns approximately 4.500.000 VND a month from these activities.

In 2009, Luân joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. Luân has successfully repaid a previous loan of 6.944..000 VND from SEDA. This previous loan was used to purchase additional raw materials to expand her product offerings. Luân is now requesting a new loan of 8.288.000 VND which will be used to purchase raw materials to manufacture additional furniture products such as beds tables chairs. The loan will be the 3rd loan taken out by the borrower from SEDA. Luân plans to use the additional revenue generated from the business to save as a reserve for future emergencies.

About SEDA:

The mission of SEDA (Center of Small Enterprise Development Assistance) is to provide microfinance services to the low income and disadvantaged people in rural areas of Hanoi and the Northern provinces of Vietnam.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Vietnamese while providing quality and accurate information to Kiva lenders.

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
  • 77
    View loans »
    Vietnam Loans Fundraising
  • $14,795,725
    Funds lent in using Kiva
  • 20,540.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luân to purchase raw materials to manufacture additional furniture products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 24, 2011
Jul 2, 2011
Currency Exchange Loss:
Jun 26, 2012