Quy was born in 1960. She lives with her family in Bac Ninh. She has two daughters and a son. One of her daughters is married, the other is studying in Korea and her son is a dentist. Her husband is a pork seller. She sells soybeans to earn a living. She has done this job for 20 years. She earns about 4,000,000 VND per month. Her family’s total earnings are about 8,000,000 VND per month. Her challenge in life and work is a lack of capital to sell soybeans. Her dream is to expand her business and have a better life in future. This loan is one of the steps in helping her to reach this dream. Quy is a hard working and careful woman. She also has passion for her business because with this job, she can earn more money to pay for living expenses while having time to take care of her family. She has participated in SEDA's credit program since 2007. In this cycle, she would like to borrow 11,872,000 VND to sell soybeans. She wants to develop her business and have a better life in the future.
Other members who are part of Quy’s group include the following:
Duyen is 30 years old. She has three children. She sells tofu to pay for living expenses. She wants to borrow 10,528,000 VND to buy materials to produce tofu.
Doan is 47 years old. She has two children. She is a carpenter. She wants to borrow 10,528,000 VND to buy materials for doing carpentry.
Hien is 38 years old. She has three children. She has a grocery store. She wants to borrow 10,528,000 VND to buy rice and household equipment to sell in her store.
Lien is 38 years old. She has two children. She leases dishes to earn a living. She wants to borrow 10,528,000 VND to buy dishes for renting.
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.