A loan of $2,650 helped a member to purchase raw materials to manufacture additional products.


Ngô's Group's story

Vỹ Ngô Thị, age 48, lives in the town of Huyện Yên Phong-tỉnh Bắc Ninh. Vỹ is the group leader of a nine-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 Đông Mai 2 nhóm 06 (Nhóm 06). Vỹ is married and has three adult-aged children. To make a living, Vỹ owns and operates a manufacturing business. She manufactures and sells wood products to local businesses and community members. Vỹ has been engaged in this business for over five years and earns approximately 3,000,000 VND a month from these activities. Vỹ joined SEDA to gain access to financial services to help improve her living situation and increase her ability to engage in business activities. She is now requesting a loan of 5,152,000 VND, which will be used to purchase raw materials to manufacture additional products. The loan will be the first loan she has taken out from SEDA. Vỹ plans to use the additional revenue generated from the business to improve and expand her business.

About the other borrowers in the group:

Nguyễn Thị T., age 48, is requesting a 6,944,000 VND loan to support her furniture making business.

Nghiêm Thị P., age 24, is requesting a 5,152,000 VND loan to support her furniture making business.

Trần Thị H., age 20, is requesting a 5,152,000 VND loan to support her furniture making business.

Nguyễn Thị Nhị, age 26, is requesting a 5,152,000 VND loan to support her furniture making business.

Nguyễn Thị D., age 39, is requesting a 5,152,000 VND loan to support her furniture making business.

Ngô Thị T., age 42, is requesting a 6,944,000 VND loan to support her furniture making business.

Ngô Thị T., age 37, is requesting a 5.152.000 VND loan to support her furniture making business.

Nguyễn Thị

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



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