A loan of $1,525 helped a member to purchase raw ingredients needed to make products for sale.


Nhạnh's Group's story

Nhạnh owns and operates a business making and selling dried goods in her community. She is a 62-year-old woman living in the Yên Phong district, Bac Ninh province. Nhạnh is married and has four grown-up children. Nhạnh has been in her business for over five years and earns approximately 3,500,000 dong (VND) a month.

In 2009, Nhạnh joined SEDA to gain access to financial services to help improve her living situation and enable her to engage in business activities. Nhạnh has successfully repaid a previous loan of 7,840,000 VND from SEDA which was used to purchase raw ingredients needed to make products for sale. She is now requesting a new loan of 8,736,000 VND which will again be used to purchase raw ingredients. This will be her third loan from SEDA. Nhạnh plans to save the additional revenue generated from the business as a reserve for future emergencies.

Nhạnh is the leader of a four-member group accessing a loan offered by SEDA. While each member of the group receives an individual loan, they are all 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 Yen Hau.

About the Other Borrowers in the Group:
1. Nhàn is a 28-year-old woman who is requesting a 5,152,000 VND loan to support her business raising pigs.

2. Sinh is a 44-year-old man who is requesting a 8,736,000 VND loan to support his business raising chickens, swans and ducks.

3. Thúy is a 34-year-old woman who is requesting a 8,736,000 VND loan to support her business raising pigs and chickens.

In this group: Nhạnh, Nhàn, Sinh , Thúy



Loan details


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Loan details