Thinh grows rice and raises pigs to earn a living. Besides that, she also cooks food to sell. Her income is about 9,000,000 VND per month. She has done this job for 20 years. Her family’s total earnings are about 19,000,000 VND per month. Her challenge in life and work is that she lacks helpers to sell her food. Her dream is to be able to open a great restaurant. This loan is one of the steps that will help her get to this dream. She can invest in her business to gain earnings and save profit to achieve her dream. Thinh is a hardworking woman.
She has participated in SEDA's microfinance program since 2012. In the last loan cycle, she borrowed 5,152,000 VND and repaid on time. In this loan cycle, she would like to borrow 6,496,000 VND to buy more ingredients to cook and sell to workers. She always wants to expand her business and raise her children well.
Other members who are part of Thinh’s group include the following:
- Van is 20 years old. She has two children. She does carpentry. She wants to borrow 6,496,000 VND to invest in her work;
- Hue is 24 years old. She has two children. She does carpentry. She wants to borrow 6,496,000 VND to invest in her work;
- Them is 23 years old. She has a child. She is a tailor. She wants to borrow 6,496,000 VND to sell clothes;
- Sau is 19 years old. She has a child. She is a worker. She wants to borrow 6,496,000 VND to make aluminum frames.
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