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Mai's Group
In this Group: Mai , Huyen , Tho
Mai is 47-years-old with 3 children. Two of them are in high school and elementary school. Being a farmer, she focuses on growing vegetables and cherry blossoms for the Tet holiday. Participating in our credit program in 2004, she used a loan effectively for expanding her business. For the new loan cycle, she wants to have a loan of 8,502,000 Vietnam dong to buy vegetables for growing and fertilizer.

Huyen is 28-years-old with 2 children. She is managing a small hair salon. She wants to have a loan of 8,066,000 Vietnam dong to buy hair care products

Tho is 33-years-old with 2 children. She is growing cheery blossoms, and rasing pigs. She needs to have a loan of 8,066,000 Vietnam dong to buy food and fertilizer.

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
  • 155
    View loans »
    Vietnam Loans Fundraising
  • $13,308,775
    Funds lent in using Kiva
  • 21,000.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Mai's Group's $1,175 loan helped a member to buy vegetables for growing and fertilizer.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2012
Listed
Jan 16, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013