A loan of $1,200 helped a member to purchase more materials to expand her product offerings to such items as tables and chairs.


Hiền's Group's story

Hiền, 41, is married and has two school-aged children. She lives in the town of Yen Phong district, Băc Ninh province. Hiền is the leader of a three-member group, Đông Mai 2 (2.1), that is obtaining a 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.


To making a living, Hiền is a woodworker, manufacturing and selling wood products to local businesses and community members. Hiền has been in business for over two years and earns approximately 3,500,000 VND a month.


In 2009, Hiền joined SEDA to gain access to its financial services. She has successfully repaid a loan of 6,944,000 VND from SEDA (this loan will be the third taken out by Hiền from SEDA). This previous loan was used to purchase wood and other materials. She is now requesting a new loan of 8,288,000 VND, which will be used to purchase more materials to expand her product offerings to such items as tables and chairs.


Hiền plans to use her additional revenue to improve and expand her business.


About the other borrowers in the group:


1. Loan is a 27-year-old woman who is requesting a 8,288,000 VND loan to support her business making furniture such as tables and chairs .
2. Phố is a 48-year-old woman who is requesting a 7,840,000 VND loan to support her business raising pigs and chickens.

In this group: Hiền, Loan, Phố



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Loan details