Lan's challenges in life and work are the lack of capital to invest in her business and the low consumption of customers. Her dream is to have full capital to sell, so she doesn’t need to borrow from anyone else . This loan is one of the steps to helping her reach to this dream.
Lan is a hardworking and passionate businesswoman. She has participated in SEDA's microfinance program since 2012. In the last loan cycle, she borrowed 5,014,000 VND and repaid it on time. In this new loan cycle, she would like to borrow 6,758,000 VND to buy more blankets and cushions for her shop. She always wants to expand her business scale.
Other members who are part of Lan's group include the following:
Hoa is 31 years old. She has two children. She sells wood products. She wants to borrow 6,758,000 VND to invest in her business.
Thuy is 29 years old. She has three children. She is a barber. She wants to borrow 6,758,000 VND to invest in her barber shop.
Nhien is 44 years old. She has four children. She cooks food to sell. She wants to borrow 6,758,000 VND to invest in her business.
Trang is 26 years old. She has a child. She cooks food to sell. She wants to borrow 6,758,000 VND to invest in her business.
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