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Nga's Group
In this Group: Nga, Loan, Hue, Vui, Chien, Nguyen
Nga is 27 years old. She has two children. Her son is little. Her daughter is learning at primary school. She and her husband do carpentry to earn a living. He earns about 7,000,000 VND, and Nga earns about 5,000,000 VND per month. She has done this job for three years. Her family’s total earnings are about 12,000,000 VND per month. Her challenges in life and work are a lack capital to invest in her business and a lack of her product’s output. Her dream is for her children to grow up well and be successful in life.

This loan will be one step toward helping her get to this dream. She can invest in her carpentry workshop to gain earnings and save profit for her children’s education. Nga is a hardworking and a passionate businesswoman. She has a passion of carpentry. She has participated in SEDA's credit program since 2013.

In this first loan cycle, she would like to borrow 5,152,000 VND to buy wood for her carpentry workshop. She always wants to expand her business and raise her children well.

Other members that are part of Nga's group include the following:

Loan is 29 years old. She has three children. She is a carpenter. She wants to borrow 5,152,000 VND to buy wood for her carpentry workshop.
Hue is 25 years old. She has two children. She is a carpenter. She wants to borrow 5,152,000 VND to buy wood for her carpentry workshop.
Vui is 26 years old. She has two children. She is a carpenter. She wants to borrow 5,152,000 VND to buy a cutting machine for her carpentry workshop.
Chien is 20 years old. She has a child. She is a carpenter. She wants to borrow 5,152,000 VND to buy wood for her carpentry workshop.
Nguyen is 50 years old. She has two children. She is a seller in a market. She wants to borrow 5,152,000 VND to buy food for chickens.

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
  • 146
    View loans »
    Vietnam Loans Fundraising
  • $13,254,975
    Funds lent in using Kiva
  • 20,833.3
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Nga's Group's $1,500 loan helped a member to buy wood for her carpentry workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014