A loan of $1,750 helped a member to invest in expanding the business.


Nguyễn's Group's story

T. Nguyễn Thị (20203050083), a 50-year-old woman living in the town of Yên Phong - Bắc Ninh, is the group leader of a 6-member group loan offered by SEDA. While each member of the group receives an individual loan, all are responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Ô Cách 15 (15).

T., married and the mother of two adult-aged children, owns and operates a handicraft business whose main source of income comes from selling wood handicrafts to tourists and local community members. T. has been engaged in this business for over seven years, earning approximately 2.000.000 VND a month.

T. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. She is now requesting a loan, her first from SEDA, of 5.152.000 VND to invest in expanding the business. T. plans to use the additional revenue generated from the business to further improve/expand her business.

About the Other Borrowers in the Group:

1. Trương Thị A. (20203050084), 52, is requesting a 5.152.000 VND loan to support her business in the agriculture sector raising livestock.

2. Trương Thị Dư (20203050085), 46, is requesting a 5.152.000 VND loan to support her manufacturing business.

3. Trương Thị T. (20203050086), 21, is requesting a 5.152.000 VND loan to support her manufacturing business.

4. Nguyễn Thị T. (20203050087), 45, is requesting a 5.152.000 VND loan to support her business in the agriculture sector raising livestock.

5. Trương Thị L. (20203050088), 42, is requesting a 5.152.000 VND loan to support her furniture-making 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.

In this group: Nguyễn, Trương, Trương, Trương, Nguyễn, Trương
*not pictured



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