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Phuong's Group
In this Group: Phuong, Diep, Bang
Phuong was born in 1993. She has a little child. Her husband is a carpenter. His income is 5,000,000 VND per month. Phuong collects iron scraps to earn a living. She gains 4,000,000 VND a month. Her family’s total earnings are about 9,000,000 VND per month.

She has participated in SEDA's credit program since 2012. 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 6,944,000 VND to collect more iron scraps to recycle.

Other members who are part of Phuong's group include the following:

Diep was born in 1992. She has a child. She is a carpenter. She wants to borrow 6,944,000 VND to buy wood to do carpentry.

Bang was born in 1993. She sells chicken eggs to earn a living. She wants to borrow 5,152,000 VND to buy more poultry eggs to sell in the market.

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

  • $5,600
    Average annual income
  • 118
    View loans »
    Vietnam Loans Fundraising
  • $14,478,025
    Funds lent in using Kiva
  • 20,924.9
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Phuong's Group's $925 loan helped a member to collect more iron scraps to recycle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014