Her family’s total earnings are about 8,000,000 VND per month. Duyet's challenge in life and work is lack of capital to buy food for her chickens and to buy fish. Her dream is that her children can grow up well and be successful in life. This loan is one of the steps that helps her in reaching this dream. Duyet can invest in her farm to gain earnings and save profit for her family. Duyet is a hardworking woman.
She has participated in SEDA's credit program since 2013. In this first loan cycle, she would like to borrow 5,014,000 VND to buy food for her chickens and additional fish to sell in the market. She always wants to expand this business to earn a living.
Other members who are part of Duyet's group include the following:
Suu is 63 years old. She has a child. She is a farmer. She wants to borrow 5,014,000 VND to raise chickens.
Hang is 23 years old. She is a farmer. She wants to borrow 5,014,000 VND to raise chickens.
Huong is 32 years old. She has two children. She is a worker. She wants to borrow 5,014,000 VND to raise chickens.
Dong is 38 years old. She has two children. She is a worker. She wants to borrow 5,014,000 VND to raise chickens.
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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