Lien is a hard working woman. She has participated in SEDA's credit program since 2012. In this cycle, she would like to borrow 5,014,000 VND to sell vegetables. She always wants to develop her business and get a better life.
Other members who are part of Lien’s group include the following:
Bon is 47 years old. She has a child. She is an iron seller. She wants to borrow 5,014,000 VND to buy chickens for raising.
Thuan is 29 years old. She has two children. She sells vegetables to make a living. She wants to borrow 6,322,000 VND to buy more kinds of vegetables to sell.
Chuc is 53 years old. She has two children. She is a chicken raiser. She wants to borrow 5,014,000 VND to buy more chickens for raising.
Phuong is 26 years old. She has two children. She is a vegetable seller. She wants to borrow 5,886,000 VND to buy more vegetables to sell.
Thanh is 46 years old. She has two children. She is a carpenter. She wants to borrow 5,886,000 VND to buy materials for crusting.
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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