Hang was born in 1974. She is now living with her family in Bac Ninh. She has three children who are learning at the secondary school, high school and university level. Her husband is a carpenter. She sells fruit to earn a living and also works as a farmer. She earns about 6,000,000 VND per month. She has done this job for ten years. Her family’s total income is 14,000,000 VND. Her challenge in life and work is the lack of capital to buy wood for her husband’s carpentry work. Her dream is to expand her business so her children can be successful in life. This loan is one of the steps to help her achieve this dream. Hang is a hard-working and dynamic woman. She also has a passion for her job. She said that with this job she can make more money to earn a living and have more time to take care of her family. She has participated in SEDA's credit program since 2008. In the last loan cycle, she borrowed 10,080,000 VND and repaid on time. In this cycle, she would like to borrow 10,976,000 VND to buy wood for crusting and to sell fruit. She has always wanted to expand her business and save profits for her children’s education.
Other members who are part of Hang's group include the following:
Dung is 32-years-old. She has two children. She is a carpenter. She wants to borrow 10,080,000 VND for crusting.
Giang is 31-years-old. She has a child. She sells drinks and does carpentry work to earn a living. She wants to borrow 5,152,000 VND to sell drinks.
Phuong is 21-years-old. She has a child. She is a worker. She wants to borrow 8,288,000 VND to do carpentry work.
Ngan is 54-years-old. She has three children. She is a farmer. She wants to borrow 5,152,000 VND to raise chickens and 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.