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Chi's Group
In this Group: Chi, Hang, Lan, Nguyen, Thuy, Son, Du, Hanh
Chi was born in 1979. She has three children. The oldest son is learning at the 11th grade. The others are aged 2 and 6. She and her husband sell beer to earn a living. Chi’s husband earns about 3,000,000 VND (Vietnamese dong), and Chi earns about 5,000,000 VND per month. Chi has done this job for 10 years. Besides that, Chi also is a paper maker to earn more money. Her family’s total earnings are about 8,000,000 VND per month. Her challenge in life and work is lacking capital to sell beer. Her dream is to grow her children up well and have a successful future. This loan is one of the steps that helps her reach this dream.

She would like to use this loan to buy more beer, to gain earnings and save profits for her dream. Chi is a hardworking woman and a passionate businesswoman. She has participated in SEDA's microfinance program since 2005. In the last loan cycle, she borrowed 9,810,000 VND and repaid on time. In this loan cycle, she would like to borrow 11,118,000 VND to buy more beer and other kinds of beverages to expand her beverage stall. She will use the profit to grow her children up well.

Other members who are part of Chi’s group include the following:

Hang is 37 years old. She has a child. She is a barber. She wants to borrow 11,118,000 VND to invest in her barbershop.

Lan is 31 years old. She has two children. She sells fruit. She wants to borrow 6,322,000 VND to sell fruit.

Nguyen is 40 years old. She has two children. She grows rice. She wants to borrow 6,322,000 VND to sell rice.

Thuy is 32 years old. She has two children. She sells fruit. She wants to borrow 6,322,000 VND to sell fruit.

Son is 57 years old. She has three children. She grows rice. She wants to borrow 5,014,000 VND to sell scrap in a market.

Du is 47 years old. She has two children. She grows rice. She wants to borrow 5,014,000 VND to sell rice.

Hanh is 37 years old. She has two children. She sells fruit. She wants to borrow 11,118,000 VND to sell fruit.

Additional Information

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.

About Vietnam

  • $725
    Average annual income
  • 110
    View loans »
    Vietnam Loans Fundraising
  • $13,714,875
    Funds lent in using Kiva
  • 21,043.8
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Chi's Group's $2,975 loan helped a member to buy more beer and other kinds of beverages to expand her beverage stall.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2013
Listed
Aug 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014