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Luong's Group
In this Group: Luong, Hong, Tam, Thanh
Luong was born in 1967. She has two children who are a worker and a supermarket cashier. Her husband is dead. Luong collects iron scrap to earn a living. She gains from her job 3,500,000 VND a month. Her family’s total earnings are about 10,000,000 VND per month.
She joined SEDA's credit program in 2013. In this first loan cycle, she would like to borrow 5,152,000 VND to buy more iron scraps to recycle. She wants to save more money for her family.

Other members which are part of Luong's group include the following:
Hong is 55 years old. She has a child. She wants to borrow 5,152,000 VND to raise chikens.
Tam is 22 years old. She has a child. She wants to borrow 5,152,000 VND to sell food in the market.
Thanh is 26 years old. He has two children. He wants to borrow 5,152,000 VND to buy food for his pigs.

Additional Information

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.

About Vietnam

  • $725
    Average annual income
  • 127
    View loans »
    Vietnam Loans Fundraising
  • $13,210,400
    Funds lent in using Kiva
  • 20,824.7
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Luong's Group's $1,000 loan helped a member to buy more iron scraps to recycle.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014