Her challenge in life and work are the lac of capital to invest in her business and the lack of money to pay fees for her children’s education. Her dream is for her children to grow up well and for her to be able to enlarge her carpentry workshop. This loan is one of the steps that will help her reach to this dream. She can invest in her carpentry workshop to gain more earnings and save the profit for her children’s education. Hoi is a hardworking woman and a passionate businessman. She has a passion for 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 wants to expand her business and raise her children well.
Other members which are part of Hoi's group include the following: Hang, who is 31 years old. She has three children. She is a seller. She wants to borrow 5,152,000 VND to sell groceries. Tuyen, who is 36 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. Phuong is 34 years old. She has four children. She is a carpenter. She wants to borrow 5,152,000 VND to buy wood for her carpentry workshop. Chung is 28 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. Tam is 36 years old. She has three children. She is a seller in a market. She wants to borrow 5,152,000 VND to buy chicken meat in the market.
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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