Huong's challenges, in life and work, are a lack of capital to invest in her fruit stall, and the risks of traveling by motorbike when going to work. Her dreams are to build a big house, to have a car in which to carry her goods, and to have more capital to invest in her business. This loan is one of the steps toward achieving Huong's dreams. She can invest in her stock of fruits, to gain more earnings. Huong is a hardworking woman and a passionate businessperson.
Huong has participated in SEDA's credit program since 2008. In her latest loan cycle, she borrowed 9,632,000 VND. In this loan cycle, she would like to borrow 10,080,000 VND and use it to buy fresh fruits to sell at the market. She always wants to expand her business, raise her children up well, and buy a car.
Other members who are part of Huong's Group include the following:
Sieu is 54 years old. She has two children. She is a farmer. She wants to borrow 9,632,000 VND to breed poultry.
Chanh is 42 years old. She has two children. She is a construction worker. She wants to borrow 9,632,000 VND to breed pigs.
Hoa is 50 years old. She has two children. She is a seller in a market. She wants to borrow 8,288,000 VND to expand her fruit store.
Lien is 34 years old. She has two children. She is an environmental worker. She wants to borrow 5,152,000 VND to breed poultry.
Xoa is 27 years old. She has two children. She is a seller in a market. She wants to borrow 6,496,000 VND to expand her fruit store.
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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