Her challenge in life and work are lacking money to buy more chickens, and lacking the education fee for her children. Her dreams are her children can grow up well, and she can enlarge her chicken farm.
This loan is one of the steps that helps her to reach this dream. She can invest in her farm to gain earnings, and save the profits for her children’s education.
Du is a hardworking woman, and a passionate businesswoman. She has participated in SEDA's credit program since 2006. In this eighth loan cycle, she would like to borrow 9,810,000 VND to buy food for her chickens. She always wants to expand her business, and raise her children well.
Other members which are part of Du's group include:
Lan is 51 years old. He has two children. He is a seller. He wants to borrow 9,374,000 VND to sell paper.
Thao is 25 years old. She has a child. She is a seller. She wants to borrow 5,014,000 VND to buy clothes for her shop.
Tuyet is 38 years old. She has two children. She is a motorbike repairer. She wants to borrow 5,014,000 VND to buy motor oil for her motor repairing store.
Dung is 28 years old. She has two children. She is a farmer. She wants to borrow 6,322,000 VND to buy food for pigs.
Hien is 37 years old. She has four children. She is a seller in a market. She wants to borrow 7,630,000 VND to sell groceries.
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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