Ty was born in 1972. She has three children. One of them is disabled. The other two study at primary school and kindergarten. Her husband earns a living as a carpenter. He earns about 4,000,000 VND per month. Ty grows rice. She has done this job for a long time. She earns about 2,000,000 VND per month, so her family’s total earnings are about 6,000,000 VND per month. Ty’s challenges in life and work are lack of capital to invest in her business and lack of knowledge about how to raise her children. Her dream is that her children can grow up well and be successful in business. This loan is one of the steps that can help her reach her dream. She can invest in her business to gain earnings and save the profits for her children’s education. Ty is a hard-working woman and a passionate businesswoman. This is the first time she is participating in SEDA's microfinance program. In her first loan cycle, she would like to borrow 5,014,000 VND to buy wood for her husband’s carpentry workshop.
Other members of Ty's group include the following:
Thom is 31 years old. She has three children. She is a carpenter. She wants to borrow 5,014,000 VND to do carpentry.
Hong is 32 years old. She has two children. She is a carpenter. She wants to borrow 5,014,000 VND to do carpentry.
Phuong is 42 years old. She has three children. She is a carpenter. She wants to borrow 5,014,000 VND to do carpentry.
Hong is 31 years old. She has four children. She is a carpenter. She wants to borrow 5,014,000 VND to do carpentry.
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.