She has participated in SEDA's credit program since 2008. In the last loan cycle, she borrowed 8,736,000 VND and repaid on time. In this new loan cycle, she would like to borrow 8,736,000 VND to buy barber tools, hair stylers, and shampoo for her shop. She always wants to expand her business and raise her children well.
Other members who are part of Hue's group include the following:
Mai is 38 years old. She has three children. She is a farmer. She wants to borrow 8,736,000 VND to buy food for chickens.
Chanh is 54 years old. She has three children. She is a farmer. She wants to borrow 8,736,000 VND to buy food for pigs.
Phuong is 30 years old. She has two children. She is a driver. She wants to borrow 6,944,000 VND to repair her car.
Dung is 37 years old. She has two children. She is a seller. She wants to borrow 5,152,000 VND to buy materials to make picture frames.
Hue is 32 years old. She has two children. She is a beverage seller. She wants to borrow 5,152,000 VND to buy chickens to raise.
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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Success!! The loan was 100% repaid