She has joined SEDA's activities to borrow money for raising chickens. At the present time, she would like to take out a loan of 5.014.000 VND( or about 265 USD) for this round to invest in her poultry, hoping that it will make a profit so that her family can afford to buy more furniture.
Ms. Nga is leading a group consisting of 4 other members:
Toan N. V. is 31 years old. ( id: 010103040013). He wants to borrow 5.014.000 VND (or about 265 USD) to invest in his shop making glass windows.
Thanh P. T. is 29 years old. ( id:010103040014). He wants to borrow 5.014.000 VND (or about 265 USD) to invest in his bicycle repair shop (to buy bicycle parts).
Phuong N. T. is 29 years old. ( id:010103040033). She breeds poultry. She wants to borrow 5.014.000 VND (or about 265 USD) to buy feed for her chickens.
Mai T. N. is 43 years old. ( id:010103040023). She wants to borrow 5.014.000 VND (or about 265 USD) to breed pigs and raise poultry.
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.
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