Mrs Dinh was born in 1972. She has a son who is in the 11th grade and a daughter who is in the third grade. Her husband is a builder. He gets an income of 3,000,000 VND each month. Mrs Dinh is now raising pigs and chickens and growing rice. Her earning per month is 3,000,000 VND. She has taken part in the credit program of SEDA since 2006. The last cycle, she borrowed 6,758,000 VND and repaid this loan on time. In this loan cycle, she wants to borrow 8,502,000 VND to buy food for chickens and pigs.
The members of Dinh's group met each other to co-operate in raising and selling chickens in the market.
Mrs Minh is 57 years old. She has a child. She raises chickens for living. She wants to take out a loan of 6,322,000 VND to continue her business.
Mrs Hang is 30 years old. She has two little children. She sells chickens in the market. She wants to take out a loan of 8,066,000 VND to continue her business.
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.