Since joining our credit program in 2009, she has invested her loans in enlarging her shop. For this new loan cycle, she wants to have a loan of 8,066,000 VND to buy more different kinds of products to meet the demand of customers.
Mien is 30 years old with 2 children. She runs a tailor shop. Currently, she wants to have a loan of 8,066,000 VND to buy fabric.
Xuyen is 46 years old with 1 child. She is running a wood workshop. She wants to have a loan of 6,758,000 VND to buy wood as material.
Hung is 36 years old. She runs a small grocery shop. She wants to have a loan of 6,758,000 VND to buy more products for sale.
Trang is 28 years old. She runs a wood workshop. She wants to have a loan of 6,758,000 VND to buy wood as material.
Khiem is 34 years old. She sells fresh fruits in the local market. She requires a loan of 8,066,000 VND to buy more fruits for sale.
About SEDA:The Center of Small Enterprise Development Assistance (SEDA) is a non-profit organization whose vision is to create “a society without poverty.” Founded in 2004, SEDA provides microfinance services to low-income and disadvantaged people in rural areas of Hanoi and the northern provinces of Vietnam through its Binh Minh Micro-Finance Program.
You can also join SEDA’s lending team to assist SEDA in continuing to support its portfolio of borrowers.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid