Her greatest business challenge is a lack of capital to invest in her business. Her dreams are to save money and to have good health. This loan is one of the steps that will help her attain these dreams. She will be able to invest in her business to gain earnings and save money. She is a hardworking woman.
Su has participated in SEDA’s credit program since 2006. In the last loan cycle, she borrowed 9,810,000 VND and repaid the loan on time. For this loan cycle, she wants to borrow 11,118,000 VND to buy more motorbike and bicycle parts for her repair store. She’ll use the profits to buy more household equipment.
Other members who are part of Su’s group include the following:
Thin is 60 years old. She has four children. She is a retired worker. She wants to borrow 11,118,000 VND to breed pigs.
Ha is 37 years old. She has two children. She sells groceries. She wants to borrow 11,118,000 VND to buy beer, beverages, biscuits and noodles for her grocery store.
Hanh is 52 years old. She has three children. She sells groceries. She wants to borrow 11,118,000 VND to buy beer for her grocery store.
Loi is 58 years old. She has two children. She is a retired worker. She wants to borrow 6,322,000 VND to repair her house.
Ky is 55 years old. She has three children. She is a retired worker. She wants to borrow 11,118,000 VND to breed pigs.
Tu is 63 years old. She has six children. She is a retired worker. She wants to borrow 5,014,000 VND to invest in her kindergarten.
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