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.
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