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Nhạnh's Group
In this Group: Nhạnh, Nhàn, Sinh , Thúy
Nhạnh owns and operates a business making and selling dried goods in her community. She is a 62-year-old woman living in the Yên Phong district, Bac Ninh province. Nhạnh is married and has four grown-up children. Nhạnh has been in her business for over five years and earns approximately 3,500,000 dong (VND) a month.

In 2009, Nhạnh joined SEDA to gain access to financial services to help improve her living situation and enable her to engage in business activities. Nhạnh has successfully repaid a previous loan of 7,840,000 VND from SEDA which was used to purchase raw ingredients needed to make products for sale. She is now requesting a new loan of 8,736,000 VND which will again be used to purchase raw ingredients. This will be her third loan from SEDA. Nhạnh plans to save the additional revenue generated from the business as a reserve for future emergencies.

Nhạnh is the leader of a four-member group accessing a loan offered by SEDA. While each member of the group receives an individual loan, they are all responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Yen Hau.

About the Other Borrowers in the Group:
1. Nhàn is a 28-year-old woman who is requesting a 5,152,000 VND loan to support her business raising pigs.

2. Sinh is a 44-year-old man who is requesting a 8,736,000 VND loan to support his business raising chickens, swans and ducks.

3. Thúy is a 34-year-old woman who is requesting a 8,736,000 VND loan to support her business raising pigs and chickens.

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
  • 69
    View loans »
    Vietnam Loans Fundraising
  • $12,936,375
    Funds lent in using Kiva
  • 20,800.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Nhạnh's Group's $1,525 loan helped a member to purchase raw ingredients needed to make products for sale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 1, 2011
Listed
Sep 25, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012