Cuc is a hard-working and dynamic woman. She has a passion for her job. She said with this job she can make more money to earn a living and have time to take care of her family. She has participated in SEDA's credit program since 2007. In the last loan cycle, she borrowed 10,528,000 VND and repaid on time. In this cycle, she would like to borrow 11,424,000 VND to sell food. She always wanted to expand her business, save profits for her children’s education and improve her family’s life.
Other members who are part of Cuc's group include the following:
Hang is 28-years-old. She has three children. She sells plastic bags to earn a living. She wants to borrow 11,424,000 VND to sell plastic bags.
Ty is 32-years-old. She has three children. She sells plastic bags to earn a living. She wants to borrow 11,424,000 VND to sell plastic bags.
Thanh is 33-years-old. She has three children. She sells waterpipe tobacco to earn a living. She wants to borrow 11,424,000 VND to sell waterpipe tobacco.
Thuy is 29-years-old. She has three children. She sells plastic bags to earn a living. She wants to borrow 5,152,000 VND to sell plastic bags.
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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