Phuong is a hardworking and dynamic woman. She has participated in SEDA's microfinance program since 2011. In the last loan cycle, she borrowed 7,392,000 VND and repaid on time. In this new loan cycle, she would like to borrow 8,736,000 VND to invest in her beverage stall. She always wants to expand the scale of her business and raise her children well.
Other members which are part of Phuong's group include the following:
Ly is 28 years old. She has two children. She is a carpentry helper. She wants to borrow 9,184,000 VND to invest in her business.
Sinh is 27 years old. She has two children. She is a carpenter. She wants to borrow 9,184,000 VND to invest in her carpentry.
Loan is 53 years old. She has one child. She sells pork in the market. She wants to borrow 10,976,000 VND to invest in her business.
Lien is 29 years old. She has two children. She is a carpentry helper. She wants to borrow 5,152,000 VND to invest in her work.
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