Thi Thi's Group
Now Thi does not have to worry about two of her oldest sons, because all of them already have their own family. Thi only wishes that she will have enough money to open a carpentry workshop for her youngest son who is a skilled carpenter. This is the second time Thi is participating in SEDA's credit program. This time, Thi would like to borrow 7,392,000 VND to buy rice and green beans to make Vietnamese traditional cakes. She expects that one day she will save enough money to fulfill her dream.
Other members who are part of Thi’s group are included in the following list:
• Ton was born in 1954. She has four children. She wants to borrow 6,944,000 VND to buy pigs.
• Nguyet was born in 1969. She has 2 children. She would love to borrow 6,944,000 VND to buy wood for her carpentry workshop.
• Hong was born in 1971. She has 2 children. She would like to borrow 6,944,000 VND to invest in her carpentry workshop.
• Tuong was born in 1986. He has 1 child. He want to borrow 6,944,000 VND to raise chickens.
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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