Ngan was born in 1957. She has a son who is a worker and he earns about 5,000,000 VND per month. She and her husband raise pigs to earn a living. They earn about 2,000,000 VND each month per person. Her family’s total income is about 9,000,000 VND per month. They have done this job for a long time. Her challenge in work is a lack of capital to breed pigs. Her dream is to build a more spacious and cleaner house. This loan is one of the steps to help her reach this dream. She can invest in her breeding to gain earnings and save the profit. She is a hardworking woman. Ngan has participated in SEDA’s microfinance program since 2010. In the last loan cycle, she borrowed 7,194,000 VND and repaid on time. In this loan cycle, she wants to borrow 8,502,000 VND to buy more pigs to breed. She always wants to expand her breeding farm.
Other members who are part of Ngan’s group include the following:
Huong is 25 years old. She has two children. She cooks breakfast to sell. She wants to borrow 7,194,000 VND to buy more ingredients to cook breakfast
Thiet is 23 years old. She has a child. She raises pigs. She wants to borrow 6,758,000 VND to invest in her breeding.
Lien is 61 years old. She has two children. She sells cakes. She wants to borrow 7,194,000 VND to invest in her business
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.