Mrs C. Thị Lượng is 26 years old. She works on contract. Her husband sells basic goods. Her group has already paid back their first loan. She is requesting a loan of 3.808.000 VND for her husband to invest in his business. Her family income is 100.000 - 120.000 VND a day. This is used to pay for daily expenses and the weekly payment. Her group has 5 other members:
Ngô thị Nguyên, seeking 3808.000 VND to buy breeding pigs and feed.
Ngô thị Ha, seeking 3.808.000đ VND to buy feed
Ngô Thị Thảo, seeking 3.808.000 VND to buy brreding pigs
Ngô thị Ninh, seeking 3.660.000 VND to buy feed for her ducks
T. Thị Lan mã số 09050115 vay vốn để đi chợ buôn bán hang tạp hóa như mỳ chính, kẹo bánh...
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.