To make a living, Chut sells food and electronic goods. She earns about 3,000,000 VND per month. She has done this job for nine years. Her family’s total earnings are about 14,000,000 VND per month. Her challenge in life and work is lacking capital to sell food. Her dream is to expand her business and buy more equipment for her house. This loan is one of the steps to help her to achieve this dream.
Chut is a hardworking and dynamic woman. She also has a passion for her job. She said that this job helps her earn more money to pay for living. 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 11,872,000 VND to sell food. She always wants to expand her business, repair her house and have a better life in future.
Other members who are part of Chut's group include the following:
Hoa is 50 years old. She has three children. She sells motorcycle parts to earn a living. She wants to borrow 10,976,000 VND to sell motorcycle parts.
Ly is 62 years old. She has four children. She sells clothing to earn a living. She wants to borrow 10,976,000 VND to sell clothing.
Lien is 30 years old. She has two children. She sells drink to earn a living. She wants to borrow 8,288,000 VND to sell drinks.
Vinh is 51 years old. She has two children. She sells jewellery to earn a living. She wants to borrow 10,976,000 VND to sell jewellery.
Ngan is 49 years old. She has three children. She sells food to earn a living. She wants to borrow 10,976,000 VND to sell food.
Hanh is 40 years old. She has four children. She sells food to earn a living. She wants to borrow 10,976,000 VND to sell food.
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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