Bac raises ducks to get eggs to sell. She earns about 4,000,000 VND per month. She has done this job for 13 years. Her family’s total income is about 11,000,000 VND per month. In addition, Bac also grows rice to earn more money. Her challenge in work that is her breeding farm is too far from her house. Therefore it has been difficult for her to take care of the farm. Her dream is can build a cleaner breeding farm near her house. This loan is one of the steps that will help her to reach her dream. She can buy more ducks to expand her farm, to gain earnings and saving profit for her dream. Bac is a hardworking and careful woman.
She has participated in SEDA’s microfinance program since 2010. In the last loan cycle, she borrowed 7,840,000 VND and repaid on time. In this loan cycle, she wants to borrow 8,736,000 VND to buy more ducks to breed. She will use profit to complete her new house and to build a breeding farm.
Other members who are part of Bac’s group include the following :
Vinh is 53 years old. She has two children. She grows rice. She wants to borrow 6,496,000 VND to breed pigs;
Lieu is 56 years old. He has two children. He grows rice and breeds chickens and pigs. He wants to borrow 7,392,000 VND to buy more pigs;
Hoa is 41 years old. She has two children. She breeds chickens and transports building materials. She wants to borrow 9,184,000 VND to buy more chickens;
Gai is 59 years old. She has two children. She breeds pigs and grows vegetables to sell. She wants to borrow 6,944,000 VND to buy more 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