Her challenges in life and work are the lack of capital to buy more medicines for animals, and the lack of her chickens' output. Her dream is that her children can grow up well and be successful in life. This loan is one of the steps helping her to realize this dream.
She will use the money to buy more chickens to gain earnings and will save the profits for her children’s education. Thuy is a hardworking woman and a zealous businessperson. She has a passion for raising and taking care of animals.
She has participated in SEDA's credit program since 2010. In this fifth loan cycle, she would like to borrow 9,250,000 VND to buy 100 chickens and to buy medicines for animals. She continues to want to expand her business and raise her children up well.
Other members who are part of Thuy's group include the following:
Ly is 41 years old. She has two children. She sells clothes to earn a living. She wants to borrow 9,374,000 VND to buy clothes wholesale.
Phuong is 32 years old. She has a child. She is a farmer. She wants to borrow 9,374,000 VND to buy food for chickens.
Tuoi is 45 years old. She has two children. She sells pork. She wants to borrow 8,938,000 VND to buy pigs to sell for pork.
Hai is 22 years old. She has a child. She is a farmer. She wants to borrow 6,322,000 VND to buy food for chickens.
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