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Dung's Group
In this Group: Dung , Gai, Oanh, Dan, Dinh
Dung, the leader of this 5-member group loan, was born in 1966 and lives in Khu 5 village, where she has two children who are going to school. Her husband is a carpenter, and her family has a workshop where she and her husband work, earning a monthly income of about 7.000.000 Vietnamdong(VND). This will be her first loan from SEDA as she seeks to borrow 5.014.000 VND to buy wood.



The other members of the group are:



Gai, a 49-year-old mother of two children, who wants to borrow 5.014.000 VND to buy chicken feed;



Oanh, a 33-year-old mother of three, who wants to borrow 5.014.000 VND to buy wood;



Dan, a 42-year-old mother of two, who wants to borrow 5.014.000 VND to breed the pigs and poultry;



Dinh, a 33-year-old mother of two, who wants to borrow 5.014.000 VND to buy a sewing machine.

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

  • $725
    Average annual income
  • 25
    View loans »
    Vietnam Loans Fundraising
  • $12,569,150
    Funds lent in using Kiva
  • 20,570.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Dung's Group's $1,225 loan helped a member to buy wood.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2011
Listed
Aug 3, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012