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Ngô's Group
In this Group: Ngô, Trương, Nguyễn, Trương, Trương, Nguyễn, Trương
"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

Additional Information

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.

About Vietnam

  • $5,600
    Average annual income
  • 132
    View loans »
    Vietnam Loans Fundraising
  • $16,231,400
    Funds lent in using Kiva
  • 17,785.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Ngô's Group's $2,050 loan helped a member to repair a vehicle used in the business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 21, 2009
Jul 1, 2009
Currency Exchange Loss:
Jun 15, 2010