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Huong's Group
In this Group: Huong, Ngan, Kha, Thuy, Thinh
Mrs. Huong is 32 years old. She has three children. They are studying at primary school. She is a carpenter. She earns 4,200,000 VND a month from her carpentry. She has participated in the loan program of SEDA since 2011. Last cycle, she borrowed 5,152,000 VND and repaid this loan on time. In this loan cycle, she wants to borrow 7,392,000 VND to enlarge her carpentry business and buy more wood to make stuff. Then she hopes her business could bring in enough money for her children’s education fees and to rebuild her house.

Mrs. Ngan is 34 years old. She wants to borrow 7,392,000 VND to do carpentry work.

Mrs. Kha is 50 years old. She wants to borrow 7,392,000 VND to sell vegetables in the market.

Mrs. Thuy is 26 years old. She wants to borrow 7,392,000 VND to do carpentry work.

Mrs. Thịnh is 19 years old. She wants to borrow 5,152,000 VND to sell vegetables in the market.

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
  • 125
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 20,942.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Huong's Group's $1,675 loan helped a member to enlarge her carpentry business and buy more wood to make stuff.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jul 4, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013