Trọng is married and has three school-aged children. To make a living, Trọng owns and operates a waste-management business. Her main source of income comes primarily from hauling junk and other waste material for local businesses and community members. Trọng has been engaged in this business for over 15 years and earns approximately 4,000,000 VND a month.
Trọng joined SEDA in 2009 to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 7,392,000 VND from SEDA that was used to purchase scrap metal to sell. She is requesting a new loan of 8,736,000 VND to purchase additional plastics and other recyclables to sell. This will be her third loan from SEDA. Trọng plans to use the additional revenue generated from her loan to improve her business.
About the other borrowers:
Kim is a 42-year-old female who is requesting a 7,840,000 VND loan to support her agricultural business raising pigs and chicken.
Sự is a 38-year-old female who is requesting a 5,152,000 VND loan to support her agricultural business raising pigs.
Quy is a 30-year-old male who is requesting a 7,840,000 VND loan to support his manufacturing business making furniture.
Chúc is a 36-year-old female who is requesting a 6,048,000 VND loan to support her manufacturing business making furniture.
The mission of SEDA (Center of Small Enterprise Development Assistance) is to provide microfinance services to 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.
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