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Tiep's Group
In this Group: Tiep, Hanh, Hong, Thao, Hang, Hang
Tiep was born in 1981. She has three children who are learning in 8th grade, 4th grade and in kindergarten. Her husband is a sewing machine repairer to earn a living. He earns about 4,500,000 VND per month. Tiep is a tailor, and she earns about 5,000,000 VND per month. She has done this job for ten years. Her family’s total earnings are about 9,500,000 VND per month. Her challenges in life and work are lack of capital to buy more materials for her sewing and lack of money to pay her children’s education fees. Her dream is to expand her sewing store. She has a passion for this job because it’s a free job and she can work at her home. This loan is one step toward helping her get to this dream.

Tiep is a hardworking and careful woman. She has participated in SEDA's microfinance program since 2010. In the last loan cycle, she borrowed 9,184,000 VND and repaid on time. In this loan cycle, she would like to borrow 10,528,000 VND to buy more materials for her sewing store. She always wants to expand her sewing store to gain earnings and save profits for her children to grow up well.

Other members who are part of Tiep's group include the following: Hanh is 34 years old. She has two children. She sells telephones. She wants to borrow 10,528,000 VND to invest in her business. Hong is 33 years old. She has two children. She is a barber. She wants to borrow 10,528,000 VND to invest in her business. Thao is 26 years old. She has two children. She is a dentures manufacturer. She wants to borrow 9,184,000 VND to invest in her business. Hang is 41 years old. She has two children. She sells beverages. She wants to borrow 6,944,000 VND to invest in her business. Hang is 36 years old. She has four children. She sells food. She wants to borrow 9,184,000 VND to invest in her business.

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
  • 24
    View loans »
    Vietnam Loans Fundraising
  • $12,569,150
    Funds lent in using Kiva
  • 21,072.9
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Tiep's Group's $2,700 loan helped a member to buy more materials for her sewing store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2013
Listed
Sep 17, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014