A loan of $2,775 helped a member to expand their product offerings.


Mai's Group's story

Mai Thị Nguyễn was born in 1973. She lives in Xom Huong, Co Loa, Dong Anh with her husband and 3 children. Her two older children are in school but the youngest children is still too young. She is a farmer. Also, she and her husband sell meat in the market. They have a monthly income of about 3.500.000 VND. Mai is a leader of an 8-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. Mai needs a loan in the amount of 5.014.000 VND to expand her product offerings. About the Other Borrowers in the Group: * Chung Thị Nguyễn was born in 1952. She is a farmer who breeds pigs and poultry. She has 3 children. She has a monthly income of about 3.500.000 VND. She wants to borrow 6.322.000 VND to buy food for pigs. * Toán Thị Nguyễn was born in 1952 and she has one child. She sells paper goods and earns a monthly income of about 2.500.000 VND. She wants to borrow 4.578.000 VND to buy more paper. *Thoa Thị K. Trương was born in 1957. She sells sundries. She wants to borrow 7.630.000 VND to invest in her store. *Lam Thị Nguyễn was born in 1975 and has two children. She wants to borrow 5.014.000 VND for retailing purposes. *Huệ Bích Nguyễn was born in 1976 has two children. She wants to borrow 6.758.000 VND to invest in her music CD shop. *Hay Thị Vũ was born in 1968. She wants to borrow 5.014.000 VND (or 280 USD) to expand her product offerings. *Phương Thị Nguyễn was born in 1971 and she has three children. She wants to borrow 6.758.000 VND to buy rice to make rice cakes.

In this group: Mai, Chung, Toan, Thoa, Lam, Hue, Hay, Phuong
*not pictured



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Loan details