Trần Thị Ngọc Group
Ngọc is married and has 2 school-aged children. To making a living, she operates a family member's business, raising livestock. The main source of income for the business comes from raising pigs for sale. Ngọc has been engaged in this business for more than 10 years and earns approximately 2,000,000 VND a month from these activities.
Ngọc joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. She is now requesting a loan of 5,152,000 VND which will be used to purchase baby livestock to raise and sell in the future. This is her first loan from SEDA. Ngọc plans to use the additional revenue generated to improve and expand her business.
About the other borrowers in the group:
1. Đoàn is a 37-year-old woman who is requesting a 5,152,000 VND loan to support her business raising livestock food for pigs.
2. Oanh is a 38-year-old woman who is requesting a 5,152,000 VND loan to support her business raising pigs and chickens.
3. Lan is a 39-year-old woman who is requesting a 5,152,000 VND loan to support her business raising livestock, to buy chickens and food for pigs.
4. Thơ is a 40-year-old woman who is requesting a 5,152,000 VND loan to support her business raising piglets.
5. Thái is a 41-year-old woman who is requesting a 5,152,000 VND loan to support her business raising livestock food for chickens.
6. Oanh is a 42-year-old woman who is requesting a 5,152,000 VND loan to support her business raising livestock food for chickens and pigs.
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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