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Tu's Group
In this Group: Tu, Tuoi, Phuong, Ly, Thuy
Tu was born in 1960. She lives in Kinh No, Uy No, Dong Anh, Ha Noi. She has one child. Her husband is retired. Mrs. Tu has a shop in the market. She sells clothes. She has this job for six years. She has a monthly income of about 4.000.000 Vietnamdong(VND). She needs a loan T. expand her business. She has participated in SEDA since 2010. This is the second time she borrowed a loan from SEDA. The last time she borrowed 5.014.000 VND and repaid this loan punctually. In this loan cycle she would like T. borrow 6.758.000 VND T. invest in her shop and T. buy more new clothes. She is the leader of 5 member group loan.

About the other borrowers in her group:
Tuoi is 30 years old. She has two children. She wants T. borrow 6.758.000 VND T. buy grocery for her store.
Phuong is 30 years old. She has one child. She wants T. borrow 6.758.000 VND T. breed pigs.
Ly is 39 years old. She has three children. She wants T. borrow 6.758.000 VND T. buy more new clothes for her shop.
Thuy is 29 years old. She has one child. She wants T. borrow 6.758.000 VND T. buy more new clothes for her 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

  • $725
    Average annual income
  • 67
    View loans »
    Vietnam Loans Fundraising
  • $12,926,025
    Funds lent in using Kiva
  • 21,009.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Tu's Group's $1,625 loan helped a member to invest in her shop and to buy more new clothes.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2011
Listed
Nov 21, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012