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Mai's Group
In this Group: Mai , Van , Bac , Thuy
Mai, 48, has one child who is grown up. Being a farmer, she grows rice and raises chickens, a business she has run for many years. Since joining the credit program in 2004, she has used loans to expand her farming activity. She now wants a loan of 6,322,000 Vietnamese đồng (VND) to buy food for her chickens.

Van, 34, has two school-age children and runs a shop where she cuts hair. She wants a loan of 6,322,000 VND to buy more hair products and machines to expand her shop.

Bac, 29, has three school age children. She raises chickens and wants a loan of 6,322,000 VND to buy food for them.

Thuy, 48, has two children. She raises pigs and would like a loan of 6,322,000 VND to buy food for them.

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

  • $5,600
    Average annual income
  • 84
    View loans »
    Vietnam Loans Fundraising
  • $14,449,625
    Funds lent in using Kiva
  • 20,820.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Mai's Group's $1,225 loan helped a member to buy food for her chickens.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2012
Listed
Feb 19, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013