A loan of $1,750 helped a member to purchase baby livestock to raise and sell in the future.


Trần Thị Ngọc Group's story

Ngọc is a 38-year-old woman living in the town of Yen Phong district in Yen Phong province. Ngọc is the group leader of a 7-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 Đức Lân nhóm 07 (7).

Ngọc is married and has 2 school-aged children. To making a living, she operates a family member's business, raising livestock. The main source of income for the business comes from raising pigs for sale. Ngọc has been engaged in this business for more than 10 years and earns approximately 2,000,000 VND a month from these activities.

Ngọc joined SEDA to gain access to financial services to help improve her living situation and ability to engage in business activities. She is now requesting a loan of 5,152,000 VND which will be used to purchase baby livestock to raise and sell in the future. This is her first loan from SEDA. Ngọc plans to use the additional revenue generated to improve and expand her business.

About the other borrowers in the group:

1. Đoàn is a 37-year-old woman who is requesting a 5,152,000 VND loan to support her business raising livestock food for pigs.

2. Oanh is a 38-year-old woman who is requesting a 5,152,000 VND loan to support her business raising pigs and chickens.

3. Lan is a 39-year-old woman who is requesting a 5,152,000 VND loan to support her business raising livestock, to buy chickens and food for pigs.

4. Thơ is a 40-year-old woman who is requesting a 5,152,000 VND loan to support her business raising piglets.

5. Thái is a 41-year-old woman who is requesting a 5,152,000 VND loan to support her business raising livestock food for chickens.

6. Oanh is a 42-year-old woman who is requesting a 5,152,000 VND loan to support her business raising livestock food for chickens and pigs.

In this group: Ngọc, Đoàn, Oanh, Lan, Thơ, Thái, Oanh



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Loan details