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Quy's Group
In this Group: Quy, Ngoc, Bac, Huong
Quy is 59 years old. She has four adult children. She has raised chickens for a living for 18 years. She earns 2,600,000 VND a month from her business. She has participated in SEDA's credit program since 2011. The last cycle, she borrowed 5,152,000 VND and repaid the loan on time. In this loan cycle, she wants to borrow 6,496,000 VND to raise more chickens. Then, she hopes her business will bring in enough money for her to upgrade her farm.

Ngoc is 18 years old. She wants to borrow 5,152,000 VND to do her job as a carpenter.

Bac is 26 years old. She wants to borrow 5,152,000 VND to raise pigs.

Huong is 22 years old. She wants to borrow 5,152,000 VND to open her own carpentry studio.

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
  • 127
    View loans »
    Vietnam Loans Fundraising
  • $13,224,825
    Funds lent in using Kiva
  • 20,942.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Quy's Group's $1,050 loan helped a member to raise more chickens and upgrade her farm.
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