Her husband is a rice noodle producer. She is a pig raiser. She also helps her husband in his job. She has done this job for 19 years. She earns about 5,000,000 VND per month. Her family’s total income is about 12,000,000 VND per month. Her challenge in life and work is lacking capital to buy rice for producing noodles and she has only 5 pigs to raise. Her dream is to have more capital to focus on producing rice noodles. This loan is one of steps to help her reach this dream.
Quy is a hard working and careful woman. She also has passion in her business. She has participated in SEDA's credit program since 2008. In this cycle, she would like to borrow 11,872,000 VND to buy rice to produce noodles. She always wants to develop her business, repair her farm, and save profits for her children education.
Other members who are part of Quy’s group include the following:
Canh was born in 1958. She has three children. She sells iron for a living. She wants to borrow 11,872,000 VND to buy chickens for raising.
Lan was born in 1965. She has two children. She is a vegetable seller. She wants to borrow 10,080,000 VND to buy pigs for raising.
Quy was born in 1973. She has two children. She sells fruit to earn a living. She wants to borrow 10,080,000 VND to buy materials for crusting.
Su was born in 1957. She has three children. She raises chickens to earn a living. She wants to borrow 10,080,000 VND to buy more chickens for raising.
Loan was born in 1961. She has three children. She is a vegetable seller. She wants to borrow 10,080,000 VND to buy vegetables to sell.
Duong was born in 1977. She has three children. She produces bamboo products to earn a living. She wants to borrow 7,392,000 VND to buy chickens for raising.
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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