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Mai's Group
In this Group: Mai, Nguyet, Luyen
Mai is 40 years old. She is married with three children. She has a store in the market where she sells bowls, dishes and pots. She has had this job for 15 years. She has a monthly income of about 5.000.000 Vietnamdong(VND). She has participated in SEDA since 2010 and has repaid punctually. In this loan cycle, she would like to borrow 7.392.000 VND to expand her store.

About the other borrowers in her group:
Nguyet is 39 years old. She wants to borrow 7.392.000 VND for a small business.
Luyen is 21 years old. She would like to borrow 5.152.000 VND to buy food for pigs.

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.

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.

About Vietnam

  • $5,600
    Average annual income
  • 123
    View loans »
    Vietnam Loans Fundraising
  • $14,491,450
    Funds lent in using Kiva
  • 20,550.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Mai's Group's $975 loan helped a member to expand her store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2011
Listed
Jul 23, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012