Her family’s total earnings are about 14,000,000 VND per month. Her challenge in life and work is lacking capital to expand her breeding facilities. Her dream is to be able to build larger and cleaner breeding facilities. This loan is one of the steps that helps her reach this dream. She will be able to buy more chickens and pigs to breed.
Be is a hardworking woman and a passionate businesswoman. She has participated in SEDA's microfinance program since 2009. In the last loan cycle, she borrowed 7,392,000 VND and repaid on time. In this loan cycle, she would like to borrow 8,288,000 VND to buy more pigs and chickens to expand her breeding. She always wants to raise her children well.
Other members who are part of Be's group include the following:
Huong is 30 years old. She has two children. She works for hire. She wants to borrow 8,288,000 VND to breed chickens.
Gai is 53 years old. She has four children. She grows rice. She wants to borrow 7,392,000 VND to invest in her breeding activity.
Tinh is 43 years old. She has four children. She works for hire. She wants to borrow 8,288,000 VND to buy agricultural tools.
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