A loan of $2,050 helped a member to purchase additional products to sell.


Phạm's Group's story

"H. Phạm Thị (20213010064) is a 51 year-old female living in the town of Yên Phong - Bắc Ninh. H. is the group leader of a 6-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 An Ninh 2 (12).


H. is married and has 2 adult -aged children. To making a living, H. owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily use products such as shampoo, soap & toothpaste in the local community. H. has been engaged in this business for over 5 years and earns approximately 2.000.000 VND a month from these activities.


In 2009, H. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. H. has successfully repaid a previous loan of 3.186.000 VND from SEDA. This previous loan was used to purchase additional products to sell. She is now requesting a new loan of 6.048.000 VND which will be used to purchase additional products to sell. The loan will be the 2nd loan taken out by the borrower from SEDA. H. plans to use the additional revenue generated from the business to financially support immediate members of the borrower's family.


About the Other Borrowers in the Group:


1. Nguyễn Thị X. (20213010065) is a 33 year-old female who is requesting a 6.048.000 VND loan to support her business in the services sector providing waste management services.


2. Đào Thị T. (20213010066) is a 52 year-old female who is requesting a 6.048.000 VND loan to support her business in the manufacturing sector operating a manufacturing business.


3. Nghiêm Thị L. (20213010067) is a 40 year-old female who is requesting a 6.048.000 VND loan to support her business in the food sector making & selling food.


4. Vũ Thị H. (20213010068) is a 25 year-old female who is requesting a 6.048.000 VND loan to support her business in the food sector making & selling food.


5. Dương Thị

In this group: Phạm, Nguyễn, Đào, Nghiêm, Vũ, Dương



Loan details


Lenders and lending teams



Loan details