Yen was born in 1970. She lives with her family in Dong Anh, Hanoi. She has a son and a daughter. Her daughter is studying in a university and her son is a high school student. Her husband is a worker. She sells groceries to earn a living. She earns about 3,000,000 VND per month. She has worked in this job for 10 years. Her family’s total earnings are about 7,000,000 VND per month. Her challenge in life and work is a lack of capital to sell groceries. Her dream is to grow her business and for her children to be able to be successful in life. This loan is one step to help her reach this dream. Yen is a hardworking woman. She also has passion for her job. She has participated in SEDA's credit program since 2003. In this cycle, she would like to borrow 13,298,000 VND to sell groceries. She always wants to expand her grocery store and save profits for her children’s education.
Other members who are part of Yen's group include the following:
Hoa was born in 1956. She has two children. She raises chickens to earn a living. She wants to borrow 9,810,000 VND to raise chickens.
Luyen was born in 1951. She has a child. She raises chickens. She wants to borrow 11,118,000 VND to raise chickens.
Cham was born in 1987. She has two children. She leases courtyards to earn a living. She wants to borrow 5,014,000 VND to lease courtyards.
Huyen was born in 1985. She has two children. She sells drinks to earn a living. She wants to borrow 9,374,000 VND to sell drinks.
Cong was born in 1983. He sells motorcycles to earn a living. He wants to borrow 8,502,000 VND to sell motorcycles.
Loi was born in 1952. She has two children. She is a paint retailer. She wants to borrow 10682,000 VND to sell paint.
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.