A loan of $1,375 helped a member to purchase additional inventory & use as working capital.


Nguyễn's Group's story

H. Nguyen Thị H. (20211020037) is a 45 year-old woman living in the town of Huyen Yen Phong - tỉnh Bac Ninh. H. is the group leader of a 5-member group L. offered by SEDA. While each member of the group receives an individual L., 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 Ngo Noi nhom 08 (Nhom 08). H. is married and has 2 adult -aged children. To making a living, H. owns & operates a business venture in the services sector operating a service-based business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing food services to local community members. H. has been engaged in this business for over 10 years and earns approximately 5.000.000 VND a month from these activities. H. joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. She is now requesting a new L. of 5.152.000 VND which will be used to purchase additional inventory & used as working capital. The L. will be the 1st L. taken out by Hoat from SEDA. H. plans to use the additional revenue generated from the business to improve and expand her business. About the Other Borrowers in the Group: 1. Nghiem Thị S. (0) is a 47 year-old woman who is requesting a 5.152.000 VND L. to support her business in the agriculture sector raising livestock. 2. Nguyen Thị K. (0) is a 46 year-old woman who is requesting a 5.152.000 VND L. to support her business in the services sector providing recycling services. 3. Nguyen Thị L. (0) is a 39 year-oldwoman who is requesting a 5.152.000 VND L. to support her business in the agriculture sector raising livestock. 4. Nguyen Thị H. (0) is a 34 year-old woman who is requesting a 5.152.000 VND L. to support her business in the agriculture sector raising livestock. About SEDA: The mission of SEDA (Center of Small Enterprise Development Assistance) is to provide microfinance services to the low income and disadvantaged people in rural areas of Hanoi and the Northern provinces of Vietnam. *Note: To maximize efficiency and reduce costs, this L. was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Vietnamese while providing quality and accurate information to Kiva lenders.

In this group: Nguyễn, Nghiêm, Nguyễn, Nguyễn, Nguyễn
*not pictured



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