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Ngoc's Group
In this Group: Ngoc, Thanh, Hoa, Hoang, Hoai, Ha
Ngoc was born in 1979. She has two children who are all little. Her husband is an electroplating worker at factory. His salary is about 4,000,000 VND per month. Ngoc sells bread and raises chickens for a living. She earns about 4,000,000 VND from her business. She has taken part in SEDA's credit program since 2011. The last cycle, she borrowed 5,014,000 VND and repaid the loan on time. In this loan cycle, she wants to borrow 6,758,000 VND to enlarge her business of selling bread and buy more food for chickens.

Thanh is 60 years old. She has a child. She has a grocery shop. She wants to borrow 5,014,000 VND to invest more in her shop
Hoa is 62 years old. She has two children. She has a grocery shop. She wants to borrow 6,758,000 VND to invest more in her shop.
Hoang is 34 years old. She has a child. She wants to borrow 8,066,000 VND to buy phone cards to sell retail.
Hoai is 39 years old. She has four children. She has a beer bar. She wants to borrow 8,066,000 VND to invest more in her bar.
Ha is 31 years old. She has two children. She is a worker. She wants to borrow 5,014,000 VND to open an internet access store.

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
  • 197
    View loans »
    Vietnam Loans Fundraising
  • $14,213,925
    Funds lent in using Kiva
  • 20,870.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Ngoc's Group's $1,925 loan helped a member to enlarge her business of selling bread and buy more food for chickens.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2012
Listed
Aug 6, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013