There are 6 other Fund participants in her group:
Nguyệt T. Thị Trần was born in 1975. She needs $310 to invest her motor repair shop.
Tùy Đỗ Phương was born in 1962. She wants to borrow 4,142,000 VND (approximately $230) to buy fruit to sell in the market.
Tùng Lê Đăng was born in 1970. He wants to borrow 4,578,000 VND (approximately $260) to buy chickens to sell in the market.
Hạnh Lê Thị Hồng was born in 1973. She wants to borrow 5,886,000 VND (approximately $330) to buy pigs to sell in the market.
Hoa Quỳnh Thị Nguyễn was born in 1972. She wants to borrow 1,962,000 VND (approximately $110) to run a small business.
Lý Lê Thị was born in 1976. She wants to borrow 5,014,000 VND (approximately $280) to buy fish to raise.
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