A loan of $2,400 helped a member to purchase materials needed to expand services provided.


Nguyễn's Group's story

"C. Nguyễn Thị is a 54 year-old woman living in the town of Yên Phong - Bắc Ninh. C. 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 Phố Chờ 1 nhóm 03 (3).



C. is married and has 2 adult children. To make a living, C. owns and operates a service-based business. The main source of income for the business comes from providing general services to local community members. C. has been engaged in this business for over 15 years and earns approximately 4,000,000 Vietnam dong (VND) a month from these activities.



In 2007, C. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. C. has successfully repaid a previous SEDA loan of 4,704, 000 VND. This previous loan was used to purchase materials needed to expand services provided.



She is now requesting a new loan of 7,392,000 VND, which she will use to purchase materials needed to expand the services her business provides. This will be the fourth loan C. has taken out from SEDA. C. plans to use the additional revenue generated from the business to improve the general living conditions of her family.



About the Other Borrowers in the Group:



1. Phạm Thị Lý is a 59 year-old woman who is requesting a loan of 4,704,000 VND to support her business making and selling food.
2. Nguyễn Thị V. is a 48 year-old woman who is requesting a loan of 6,496,000 VND to support her business operating a specialized retail store.
3. Đặng Thị H. is a 37 year-old woman who is requesting a loan of 4,704,000 VND to support her service-based business.
4. Nguyễn Thị N. is a 41 year-old woman who is requesting a loan of 6,496,000 VND to support her service-based business.
5. Đặng Thị

In this group: Nguyễn, Phan, Nguyễn, Đặng, Nguyễn, Đặng, Ngô



Loan details


Lenders and lending teams



Loan details