A loan of $1,775 helped a member to expand her business.


Thúy's Group's story

Thúy is the group leader of a 6-member group loan offered by SEDA (Center of Small Enterprise Development Assistance). 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 one is delinquent or defaults on her portion of the loan. The official name of this borrowing group is Cụm Đoài 1 - nhóm 07.



Thúy is a 28-year-old, married woman living in Yen Phong district in Bac Ninh province. Thúy and her husband have two school-age children. To earn a living, Thúy owns and operates a business venture in the services sector. More specifically, her primary source of income is derived from providing medicinal services to local community members. Thúy has been engaged in this business for over 3 years and earns approximately 3,200,000 VND per month from these activities.



In 2008, Thúy joined SEDA to gain much-needed access to financial services. In turn, she was better able to engage in business activities and to thereby improve her family's standard of living. Recently, Thúy successfully repaid a previous loan in the amount of 8,288,000 VND from SEDA. That prior loan was used to purchase additional inventory and for working capital purposes. She is now requesting another loan, this time in the amount of 5,152,000 VND, which will be used to invest in expanding her business. Notably, this loan would be the fourth loan taken out by Thúy from SEDA. Thúy plans to use the additional revenue generated from the business as a result of the loan to pay her children's tuition fees.



The following is a brief summary of the other borrowers in the group: (1) Tỉnh is a 33-year-old woman who is requesting a 7,392,000 VND loan to support her manufacturing business (she has a furniture-making business, where she makes things such as tables, chairs, beds, and wardrobes); (2) Dung is a 36-year-old woman who is requesting a 7,392,000 VND loan to support her retail business (she has a specialized retail store, where she sells goods such as rice, flour, and tea); (3) Hanh is a 46-year-old woman who is requesting a 5,152,000 VND loan to support her food sales business (she makes and sells foods such as rice noodles); (4) Dung is a 32-year-old woman who is requesting a 4,256,000 VND loan to support her manufacturing business (she has a furniture-making business, where she makes beds, wardrobes, etc.); and (5) Ngau is a 42-year-old woman who is requesting a 7,392,000 VND loan to support her retail business (she operates a specialized retail store, where she sells SIM cards and phones).



About SEDA: The mission of SEDA is to provide microfinance services to the low-income and disadvantaged people in rural areas of Hanoi and the Northern provinces of Vietnam.

In this group: Thúy, Tỉnh, Dung, Hạnh, Dung, Ngâu



Loan details


Lenders and lending teams



Loan details