Diu sells food and drinks to earn a living. She has done this job for about 10 years. She earns about 4,000,000 VND per month. Her family’s total earnings are about 12,000,000 VND per month. Her dream is to ensure that her children can have stable jobs. This loan is one of the steps to help her reach this dream.
Diu is a hard working and careful woman; she also has a passion for her business. She said that this job helps her earn more money to take care of her family and pay for living expenses. She has participated in SEDA's credit program since 2006. In this cycle, she would like to borrow 10,682,000 VND to sell food. She always wants to expand her business and try to achieve a better life.
Other members in Diu's group include the following:
Chien is 50 years old. She has two children. She raises animals to earn a living. She wants to borrow 10,682,000 VND to buy pigs and chickens. She also wants to buy a sewing machine to sew clothing and earn more money.
Ha is 42 years old. She has a son. She sells food and drinks to earn a living. She wants to borrow 11,554,000 VND to buy machines to make food and drinks to sell.
Thao is 43 years old. She has two children. She has a grocery store. She wants to borrow 11,554,000 VND to buy products to sell in her store.
Giang is 28 years old. She has a child. She has a grocery store. She wants to borrow 9,374,000 VND to buy products to sell in her store.
Phuong is 33 years old. She has a child and is a worker. She wants to borrow 7,194,000 VND to open a transportation business.
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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