Vu has participated in SEDA's credit program since 2013. In this first loan, she would like to borrow VND 5,152,000 to buy food for chickens. Her dream is to let her children have good careers.
Other members whom are part of Vu's group include the following:
Huyen was born in 1990. She has two children. She wants to borrow VND 5,152,000 to buy food for chickens.
Lap was born in 1950. She has two children. She wants to borrow VND 5,152,000 to buy groceries to sell.
My was born in 1953. She has four children. She is a carpenter. She wants to borrow VND 5,152,000 to buy wood for her carpentry workshop.
Chung was born in 1980. She has two children. She sells stones to earn a living. She wants to borrow VND 5,152,000 to enlarge her store of stones.
Ha was born in 1973. She has two children. She wants to borrow VND 5,152,000 to buy food for pigs.
Hoi was born in 1971. She has three children. She is a farmer. She wants to borrow VND 5,152,000 to buy food for chickens.
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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