A loan of $2,275 helped a member to purchase additional inventory & working capital.


Nguyễn's Group's story

V. Nguyễn Thị (20203050004) is a 52-year-old female living in the town of Yên Phong - Bắc Ninh. V. is the group leader of a seven-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 nhóm 01 (1).


V. is married and has three adult children. To making a living, V. owns & operates a business providing waste disposal services to local community members. V. has been engaged in this business for over five years and earns approximately 5,000,000 VND a month from these activities.


In 2009, V. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. V. has successfully repaid a previous loan of 5,152,000 VND from SEDA. This previous loan was used to invest in expanding the business. She is now requesting a new loan of 6,944,000 VND, which will be used to purchase additional inventory & working capital. The loan will be the second loan taken out by V. from SEDA. V. plans to use the additional revenue generated from the business to improve/expand her business.


About the Other Borrowers in the Group:


1. Nguyễn Thị T. (20203050005) is a 52-year-old female who is requesting a 5,152,000 VND loan to support her furniture making business.


2. Nguyễn Thị T. (20203050002) is a 42-year-old female who is requesting a 7,840,000 VND loan to support her business raising livestock.


3. Trương Thị V. (20203050003) is a 41-year-old female who is requesting a 7,392,000 VND loan to support her business raising livestock.


4. Nguyễn Thị

In this group: Nguyễn, Nguyễn, Nguyễn, Trương, Nguyễn, Nguyễn, Nguyễn



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