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Toan's Group
In this Group: Toan, Van, Thanh, Hien, Vien, Hong
Toan is 36 years old. She has three children who are learning at secondary school and primary school. She and her husband weld iron and stainless steel to earn a living. She also raises pigs to earn more money. Her husband earns about 7,000,000 VND and Toan earns about 3,000,000 VND per month. She has done this job for 12 years. Her family’s total earnings are about 10,000,000 VND per month. Her challenges in life and in work are lack of capital to buy materials to do welding and lack of money to raise her children, who are still studying. Her dream is for her children to grow up well, and that she can build a big farm of pigs and her husband can expand her family’s welding workshop. This loan is one of the steps to help her reach this dream. She will buy food for pigs to gain earnings, and will save the profit for her children’s education. Toan is a passionate businesswoman. Her family has an advantage in its place of business. Therefore, she believes she will be successful.
She has participated in SEDA's credit program since 2010. In the last loan cycle, she borrowed 9,632,000 VND and repaid on time. In this new loan cycle, she would like to borrow 10,528,000 VND to buy food for pigs.
Other members who are part of Hoi's group include the following:
Van is 33 years old. She has two children. She is a seller. She wants to borrow 6,944,000 VND to sell fruits.
Thanh is 43 years old. She has three children. She is a farmer. She wants to borrow 6,944,000 VND to buy food for chickens.
Hien is 33 years old. She has three children. She is a carpenter. She wants to borrow 9,632,000 VND to buy wood for her carpentry workshop.
Vien is 32 years old. She has two children. She sells chicken’ eggs. She wants to borrow 6,944,000 VND to buy food for chickens.
Hong is 31 years old. She has four children. She is a farmer. She wants to borrow 6,944,000 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
  • 78
    View loans »
    Vietnam Loans Fundraising
  • $12,414,550
    Funds lent in using Kiva
  • 20,981.9
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Toan's Group's $2,300 loan helped a member to buy food for pigs.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
Jun 6, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014