Dinh was born in 1966. She is now living with her family in Bac Ninh. She has a son who is learning at a primary school. She sews clothing to earn a living. She earns about 4,000,000 VND per month and that’s also her family’s total earnings. She has done this job for 12 years. Her challenge in life and work is the lack of capital to sew clothing and she works very hard because she has a broken leg. Her dreams are to expand her business and for her son to be successful in life. This loan is one of the steps to help her get to this dream. Dinh is a hard working and dynamic woman. She also has a passion for her job. She has participated in SEDA's credit program since 2009. In the last loan cycle, she borrowed 5,125,000 VND and repaid on time. In this cycle, she would like to borrow 6,048,000 VND to buy materials to sew clothing. She always wants to buy more sewing machines and save profits for her son’s education.
Other members who are part of Dinh's group include the following:
Vu was born in 1967. She has two children. She raises chickens to earn a living. She wants to borrow 9,184,000 VND to raise chicken.
Thu was born in 1964. She has three children. She is a driller. She wants to borrow 6,944,000 VND to raise pigs.
Hong was born in 1978. She has three children. She sells fruit to earn a living. She wants to borrow 5,152,000 VND to buy fruit to sell.
Hop was born in 1971. She has three children. She is a worker. She wants to borrow 5,152,000 VND to raise pigs.
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.