Her challenge in life and work are the lack of capital to buy shoes wholesale. Her dream is that her children can go to school and that she can buy more equipment for her house. This loan is one of the steps helping her reach this dream. She can invest in her shoe shop to gain earnings and save profit for her children's education.
She has participated in SEDA's credit program since 2008. In the last loan cycle, she borrowed 9,810,000 VND and repaid on time. In this new loan cycle, she would like to borrow 11,118,000 VND to buy shoes for her shop. She continues to want to expand her business and raise her children up well.
Other members who are part of Huong's group include the following:
Doanh is 28 years old. She has two children. She is a grocery seller. She wants to borrow 11,118,000 VND to sell groceries.
Thuy is 22 years old. She has a child. She is a grocery seller. She wants to borrow 7,630,000 VND to sell groceries.
Dung is 29 years old. She has two children. She is a tailor. She wants to borrow 8,938,000 VND to buy fabric.
Tu is 52 years old. She has three children. She sells clothes to earn a living. She wants to borrow 8,502,000 VND to buy clothes wholesale.
Huong is 30 years old. She has two children. She sells clothes to earn a living. She wants to borrow 5,014,000 VND to buy clothes wholesale.
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