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Ngai's Group
In this Group: Ngai, Be, Xuan
Ngai was born in 1970 and lives in Nhoi Duoi village, Co Loa commune. She is married with three children. Ngai and her family have a shop where they sell glass and aluminum, and also manufacture aluminum doors. She and her husband work producing doors from aluminum and glass. They earn a monthly income of about 7,000,000 VND. Ngai has had her job for many years and has borrowed previously from SEDA to improve her business. Ngai will use her 7,194,000 VND portion of this group loan to buy glass and aluminum to make the doors.

Other borrowers in her group are Be and Xuan. Be is 27 years old and has two children. She will use her 6,322,000 VND portion of this group loan to invest in her restaurant. Xuan is 23 years old. She will use her 6,322,000 VND portion of this group loan to buy shoes to sell in her shoe shop.

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
  • 195
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 20,750.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Ngai's Group's $975 loan helped a member to buy glass and aluminum to make doors.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2011
Listed
Sep 6, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012