Dung became a member of SEDA's credit program in 2013. In this first loan, she would like to borrow 5,152,000 VND to buy more clothes to sell. Her dream is to be able to let her child go to school until university.
Other members who are part of Dung's group include the following:
Thuan was born in 1960. She has three children. She wants to borrow 5,152,000 VND to buy food for her chickens.
Thu was born in 1956. She has four children. She is a farmer. She wants to borrow 5,152,000 VND to buy food for her pig.
Quyen was born in 1987. She has a little child. She wants to borrow 5,152,000 VND to sell clothes in the market.
Thoa is a teacher. She has two children. She wants to borrow 5,152,000 VND to buy food for her pigs.
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