Hang joined SEDA's credit program this year and is now requesting her first loan for 5,152,000 VND to buy food for her chickens. Her dream is see her children achieve good careers.
The other members of Hang's group are the following:
Thu, who was born in 1961, has one child. She wants to borrow 5,152,000 VND to repair her chicken coop.
Dinh, born in 1956, has three children. She raises chickens to earn a living and wants to borrow 5,152,000 VND to buy food for them.
Huyen, born in 1986, has two children. She is a worker who wants to borrow 5,152,000 VND to sell noodles to earn more money after work.
Duc, born in 1990, has two children and sells wood to earn a living. She wants to borrow 5,152,000 VND to enlarge her store of wood.
Sen, born in 1984, has two children and is a tailor. She wants to borrow 5,152,000 VND to buy some water filters to sell.
My, born in 1964, has two children and is a farmer. She wants to borrow 5,152,000 VND to buy some clothes to sell.
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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