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Luong
Luong was born in 1971. She has three children. Her little child is learning in kindergarten. Her oldest child is studying at college. Her husband sells beer for a living. Luong sells cosmetic and grocery goods for a living. She gains 3,000,000 VND a month from her business. Her family’s total earnings are about 6,000,000 VND per month.

She has participated in SEDA's credit program since 2007. In the last cycle she borrowed 9,632,000 VND and repaid the loan on time. In this loan cycle, she would like to borrow 9,632,000 VND to buy more cosmetics for her store. Her dream is to enable her children to go to school up through higher education and to upgrade her cosmetic 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.

About Vietnam

  • $5,600
    Average annual income
  • 186
    View loans »
    Vietnam Loans Fundraising
  • $14,187,975
    Funds lent in using Kiva
  • 20,833.3
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Luong to buy more cosmetics for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2012
Listed
Oct 21, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013