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Phuong's Group
In this Group: Phuong, Thuy
Phuong is 28 years old. She has two children who are learning at the 1st and 4th grades. Her husband is an iron worker to earn a living. He earns about 6,000,000 VND per month.

Phuong makes Vietnamese traditional cakes to sell in a market. She has done this job for five years. Her income is about 4,000,000 VND per month. Besides that, Phuong also breeds pigs to earn more money. Her family’s total earnings are about 10,000,000 VND per month. Her challenge in life and work is that her facilities for making cakes is manual, she needs to handle every thing, and she has very few customers. Her dream is to make more kinds of cakes to support other restaurants and to have communication with customers every day. This loan is one of the steps to help her get to this dream. She can buy more rice and onions to make cakes. Phuong is a hardworking and careful woman.

This is the first time she participated in SEDA's microfinance program. In this loan cycle, she would like to borrow 5,152,000 VND to buy more rice and other ingredients to make more cakes. She always wants to expand her business to gain earnings and save profits to raise her children up well.

The other member who is part of Phuong's group is Thuy, who is 35 years old. She has two children. She breeds chickens to get eggs. She wants to borrow 8,288,000 VND to invest in her breeding.

Additional Information

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.

About Vietnam

  • $5,600
    Average annual income
  • 134
    View loans »
    Vietnam Loans Fundraising
  • $16,208,900
    Funds lent in using Kiva
  • 21,164.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Phuong's Group's $650 loan helped a member to buy more rice and other ingredients to make more cakes.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 3, 2013
Aug 17, 2013
Currency Exchange Loss:
Jul 17, 2014