A loan of $1,725 helped a member to purchase plastics and other recyclables to sell.

Trọng's Group's story

Trọng is a 35-year-old female living in the town of Yên Phong distict - Bắc Ninh province. She is the group leader of a five-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 Tiên trà 04 (8).

Trọng is married and has three school-aged children. To make a living, Trọng owns and operates a waste-management business. Her main source of income comes primarily from hauling junk and other waste material for local businesses and community members. Trọng has been engaged in this business for over 15 years and earns approximately 4,000,000 VND a month.

Trọng joined SEDA in 2009 to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 7,392,000 VND from SEDA that was used to purchase scrap metal to sell. She is requesting a new loan of 8,736,000 VND to purchase additional plastics and other recyclables to sell. This will be her third loan from SEDA. Trọng plans to use the additional revenue generated from her loan to improve her business.

About the other borrowers:

Kim is a 42-year-old female who is requesting a 7,840,000 VND loan to support her agricultural business raising pigs and chicken.

Sự is a 38-year-old female who is requesting a 5,152,000 VND loan to support her agricultural business raising pigs.

Quy is a 30-year-old male who is requesting a 7,840,000 VND loan to support his manufacturing business making furniture.

Chúc is a 36-year-old female who is requesting a 6,048,000 VND loan to support her manufacturing business making furniture.

About SEDA:

The mission of SEDA (Center of Small Enterprise Development Assistance) is to provide microfinance services to low income and disadvantaged people in rural areas of Hanoi and the Northern provinces of Vietnam.

*Note: To maximize efficiency and reduce costs, this loan 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: Trọng, Kim , Sự , Quy, Chúc

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