Lan is a worker and she earns about 4,000,000 VND per month. She has done this job for three years. Besides that, she also grows rice and sells gas to earn more money. Her family’s total earnings are about 9,000,000 VND per month. Her challenge in life and work are the lack of capital to expand her business work. Her dream is having full capital and raising her children up well. This loan is one of the steps to help her reach this dream. Lan is a hardworking woman and a passionate businesswoman.
She has participated in SEDA's microfinance program since 2010. In the last loan cycle, she borrowed 8,066,000 VND and repaid on time. In this new loan cycle, she would like to borrow 8,938,000 VND to buy more gas bottles for her gas store. She always wants to expand her business work.
Other members who are part of Lan's group include the following:
Binh is 30 years old. She has two children. She is a worker. She wants to borrow 8,938,000 VND to sell beverages.
Viet is 34 years old. He has a child. He is a barber. He wants to borrow 8,938,000 VND to buy tools for hairdressing.
Thang is 36 years old. She has two children. She washes cars, motorbikes and sells telephone cards. She wants to borrow 8,938,000 VND to invest in her business.
Trang is 28 years old. She has two children. She is a barber. She wants to borrow 8,938,000 VND to buy tools for hairdressing.
Cuong is 34 years old. He has three children. He is a worker. He wants to borrow 8,938,000 VND to buy his household furniture.
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