Khanh grows rice and also raises chickens. She has about 300 chickens. She has had this job for many years. She has a monthly income of 3,000,000 Vietnamdong (VND).
She has participated in SEDA since 2010. She has borrowed 5,014,000 VND and repaid the loan on time. She now would like to borrow 7,194,000 VND to buy food for her chickens. She is the leader of a five-member loan group.
About the borrowers in her group:
Vui is 39 years old. She has two children and wants to borrow 7.194.000 VND to invest in her livestock.
Yen is 51 years old. She has two children and wants to borrow 7.194.000 VND to buy food for her chickens.
Duyen is 52 years old. She wants to borrow 5.014.000 VND to buy food for her pigs.
Diem is 22 years old. She wants to borrow 5.014.000 VND for her small business.
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