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Y's Group
In this Group: Y, Minh, Hoa, Thinh, Thuy
Mrs. Y is 46 years old. Her two children are adults. She has been a carpenter for five years. She earns 4,200,000 VND a month from it. This is the first time she has taken part in SEDA’s credit program. She wants to borrow 5,152,000 VND to expand her carpentry business and buy more wood.

Mrs. Minh is 38 years old. She wants to borrow 5,152,000 VND for her carpentry work.

Mrs. Hoa is 23 years old. She wants to borrow 5,152,000 VND for her carpentry work.

Mrs. Thinh is 20 years old. She wants to borrow 5,152,000 VND for her carpentry work.

Mrs. Thuy is 18 years old. She wants to borrow 5,152,000 VND for her business that sells fruits and vegetables.

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
  • 99
    View loans »
    Vietnam Loans Fundraising
  • $14,461,025
    Funds lent in using Kiva
  • 20,942.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Y's Group's $1,250 loan helped a member to expand her carpentry business and buy more wood.
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