Tham collects iron scraps to sell and works as a farmer to earn a living. She has done this job for ten years. She gains 5,000,000 VND per month. Her family’s total earnings are about 15,000,000 VND per month. Her challenge in life and work are the lack of capital to invest in her business. She wishes she will have a full life with a modern house in the future. This loan helps her get to this dream. She can invest in her recycle workshop to gain earnings. Tham is a hardworking woman.
She has participated in SEDA's credit program since 2009. In the last loan cycle, she borrowed 8,288,000 VND and repaid on time. In this new loan cycle, she would like to borrow 10,080,000 VND to buy wood for her family’s carpentry workshop and for collecting more iron scraps to sell. She always wants to expand her business and save money for her family’s future.
Other members who are part of Tham's group include the following:
Thung is 58 years old. She has three children. She is a Women’s Union officer. She wants to borrow 6,720,000 VND to do carpentry.
Thanh is 51 years old. She has two children. She sells fruits. She wants to borrow 10,080,000 VND to buy more fruits.
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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Success!! The loan was 100% repaid