Xuyen’s challenge in life and work is that her family’s habitat is polluted because they just have a small place to live. Her dream is to have enough money to expand her animal breeding. This loan is one of the steps that will help her reach this dream. She can invest in her farm to gain more earnings and save the profit for her children’s marriage. Xuyen is a hardworking woman and a passionate businesswoman.
This is the first time she is participating in SEDA's microfinance program. In the first loan cycle, she would like to borrow 5,152,000 VND to buy more pigs to expand her breeding farm.
Other members who are part of Xuyen's group include the following:
- Nhan is 51 years old. She has a child. She is a worker and grows rice. She wants to borrow 5,152,000 VND to raise pigs.
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