A loan of $2,050 helped a member to repair a vehicle used in the business.

Ngô's Group's story

"B. Ngô Thị (20203050089) is a 37-year-old woman living in the town of Yên Phong - Bắc Ninh. B. is the group leader of a 7-member group loan offered by SEDA. While each member of the group receives an individual loan, they 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 16 (16).

B. is married and has 5 school-aged children. To making a living, B. works in someone else's business venture in the arts sector operating a handicraft business. While not the only means for generating revenue, the main source of income for the business comes from selling wood handicrafts to tourists and local community members. B. has been engaged in this business for over 6 years and earns approximately 1.500.000 Vietnamese Dong (about US $84) a month from these activities.

B. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. B. is requesting for the first time a loan from SEDA. She is now requesting a new loan of 5.152.000 dong which will be used to repair a transport vehicle used in the business. The loan will be the 1st loan she has taken out from SEDA. B. plans to use the additional revenue generated from the business to make improvements to her house.

About the Other Borrowers in the Group:

1. Trương Thị

In this group: Ngô, Trương, Nguyễn, Trương, Trương, Nguyễn, Trương

Loan details

Lenders and lending teams

Loan details