She has participated in SEDA's credit program since 2011. In the last cycle she borrowed 5,152,000 VND and repaid the loan on time. In this loan cycle, she would like to borrow 5,152,000 VND to buy ingredients to make noodles to sell. Her dream is to let her children have good careers.
Other members who are part of Hue's Group are:
Thuy is 44 years old. She has two children. She sells clothes to earn a living. She wants to borrow 5,152,000 VND to do her job.
Thuoc is 53 years old. She has five children. She collects iron scraps and recycles garbage to earn a living. She wants to borrow 5,152,000 VND to collect more.
Hanh is 39 years old. She has four children. She repairs electrical machines for a living. She wants to borrow 5,152,000 VND to buy some more repairing tools.
Nhung is 29 years old. She has three children. She raises chickens for a living. She wants to borrow 5,152,000 VND to buy food for chickens.
Ngan is 42 years old. She has four children. She collects iron scraps and recycles garbage to earn a living. She wants to borrow 5,152,000 VND to collect more.
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