She has participated in SEDA's credit program since 2010. In the last cycle she borrowed 5,152,000 dong (VND) and repaid the loan on time. In this loan cycle, she would like to borrow 5,152,000 dong (VND) to buy beverages, canned food, biscuits, and candies for selling in her store. Her dream is to enlarge her grocery store.
Other members which are part of Hien's Group include the following:
Xuyen has six children. She is a farmer. She would like to borrow 5,152,000 dong (VND) to buy chicken feed.
Duyen has three children. She raises pigs and sews clothes to earn a living. She would like to borrow 5,152,000 dong (VND) to raise pigs for selling.
Tam has two children. She is a carpenter. She would like to borrow 5,152,000 dong (VND) to learn more carpentry.
Tam has three children. She is a farmer who raises cattle. She would like to borrow 5,152,000 dong (VND) to buy food for buffalo and cows.
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.
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Success!! The loan was 100% repaid