Total loan: $450


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Bac Ninh, Bac Ninh Province, Vietnam / Food

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A loan helped to purchase additional inventory & working capital.

Nghiêm's story

H. Nghiêm Thị (20213050023) is a 28 year-old woman living in the town of huyện Yên Phong - tỉnh Bắc Ninh. She is married and has 2 school-aged children. To making a living, H. owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling herbs & spices in the local community. H. has been engaged in this business for over 5 years and earns approximately 3.000.000 VND a month from these activities. In 2008, H. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. H. has successfully repaid a previous loan of 5,152,000 VND from SEDA. This previous loan was used to purchase additional products to sell. H. is now requesting a new loan of 8,288,000 VND which will be used to purchase additional inventory & working capital. The loan will be the 4th loan taken out by her from SEDA. H. plans to use the additional revenue generated from the business to improve/expand the business. About SEDA: The mission of SEDA (Center of Small Enterprise Development Assistance) is to provide microfinance services to the low income and disadvantaged people in rural areas of Hanoi and the Northern provinces of Vietnam. *Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Vietnamese while providing quality and accurate information to Kiva lenders.