Sau is a 52-year-old farmer in Dong Anh, Ha Noi. Her husband is gone. She has only one son who is a worker. Her monthly income is around 2,000,000 VND. She is also a babysitter for her neighborhood. As a very hardworking woman, she wants to take up poultry farming to raise more income. Thus, she would like to borrow 6,322,000 VND to buy chickens and build a new coop. The other members that are part of Sau’s group are included in the following list:
• Tham is 42 years old. She has two children. She would like to borrow 6,322,000 VND to invest in her store
• Thoa is 45 years old. She has two children. She would like to borrow 6,322,000 VND to breed chickens, gooses.
• Hien is 61 years old. Similar to Thoa, she would like to borrow 6,322,000 VND to raise chickens.
• Hang is 33 years old. She is a tailor. She would love to borrow 5,014,000 VND to spend on her tailor shop.
• Anh is 30 years old. As a farmer, she would love to borrow 5,014,000 VND to feed chickens.
• Hoa is 30 years old. She has two children. Hoa wants to borrow 5,014,000 VND to invest in her grocery.
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.