Oanh's dream is to be able to build larger and nicer breeding facilities to raise more chickens. This loan is one of the steps that helps her get to this dream. She can buy more chicken feed to gain earnings and save profit for her dream.
Oanh is a hardworking woman. She has participated in SEDA's credit program since 2009. In the last loan cycle, she borrowed 9,632,000 VND and repaid on time. In this new loan cycle, she would like to borrow 10,528,000 VND to buy feed for raising pigs and chickens and to expand her breeding.
The other member who is part of Oanh's group:
Binh is 48 years old. She has seven children. She catches fish to earn a living. She wants to borrow 9,632,000 VND to buy fishing nets.
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