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Thi Loan's Group
In this Group: Loan, Thuong, Tinh, Khoan, Luan, Dai
Loan was born in 1961. She is the mother of three children. Two of them are earning an income now. Her oldest son works for the army. The second one is a teacher. And her youngest daughter is studying at a college. Her husband is a builder. His monthly income is VND 5,000,000. Besides feeding pigs, Bong trades recycled materials to raise more income. The total income of her family is VND 16,000,000 per month. As a hardworking person, Bong wishes that she had enough money to raise more pigs. She hopes that her business will continually develop and she will have the chance to obtain favorable relationships thus she could buy scrap metal directly from the factories.
This is the first time Loan has participated in SEDA’s credit program. She would love to borrow VND 5,152,000 to buy fodder for her pigs.
Since Loan is a reliable person, she was voted to be the leader of the 6 member group. The other members who are part of Loan’s group are:
• Thuong is 53 years old. She is the mother of 4 children. She wants to borrow VND 5,152,000 to raise pigs and chickens.
• Tinh is also 53 years old. She has 3 children. She would like to borrow VND 5,152,000 to feed chickens.
• Khoan is 47 years old. She has 2 children. She wants to borrow VND 5,152,000 to invest in her clothing shop.
• Luan is 24 years old. She has 2 children. She would love to borrow VND 5,152,000 to raise pigs.
• Dai is 38 years old. He is the father of 5 children. He wants to borrow VND 5,152,000 to invest in his restaurant.

Additional Information

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.

Tags

About Vietnam

  • $5,600
    Average annual income
  • 191
    View loans »
    Vietnam Loans Fundraising
  • $14,187,950
    Funds lent in using Kiva
  • 21,052.6
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Thi Loan's Group's $1,475 loan helped a member to buy fodder for pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2013
Listed
Dec 25, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014