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Lan's Group
In this Group: Lan, Duyen, Nguyen, Lien, Tan
Lan is 42 years old and married with two children. Her daughter has gotten married and her son is in 12th grade. Lan's husband is a driver who earns about 5,000,000 VND each month. For the past 10 years, Lan has been a farmer who earns about 1,000,000 VND each month. She also makes paper to earn additional money. Lan's family’s total income is about 6,000,000 VND per month. Her challenge in life and work is a lack of capital. She would like to breed chickens and her dream to ensure that her children can learn well and be successful in life. Lan is a hardworking woman.

Lan is requesting a 5,014,000 VND loan to buy food for chickens. This is her first loan with SEDA and she is a member of a loan group. Lan will use the profits from her loan to buy computers for her children.

Other members of Lan’s group include: 51-year-old Duyen, a farmer who wants to borrow 9,810,000 VND to breed chickens; 56-year-old Nguyen who wants to borrow 5,014,000 VND to breed chickens and pigs; 33-year-old Lien is 33 who wants to borrow 9,810,000 VND to develop her work selling scrap metals; and 50-year-old Tan who wants to borrow 9,810,000 VND to develop her egg-selling business.

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
  • 29
    View loans »
    Vietnam Loans Fundraising
  • $12,527,475
    Funds lent in using Kiva
  • 21,039.4
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Lan's Group's $1,900 loan helped a member to buy chicken feed.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014