Hong has successfully repaid six loans from the SEDA credit program. She is the leader of a group which consists of five members. Other members of Hong’s group are included in the following list:
• Hoan was born in 1973. She has two children. She would love to borrow VND 10,080,000 to buy scrap metal to resell.
• Ty was born in 1953. She has two children. She wants to borrow VND 10,080,000 raise chickens and sell in the future.
• Thom was born in 1973. She would like to borrow VND 10,976,000 to invest in her business which is making and selling aluminium frames.
• An was born in 1960. She has three children. She works at a kindergarten as a cook. She wants to borrow VND 5,152,000 to raise pigs and sell in the future.
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