For the purpose of providing better living conditions and education for her children, Anh would love to expand her carpentry workshop and buy a professional woodworking machine. With a proactive, hardworking and passionate interest in business, Anh believe that she will be successful in developing her family business. Thus, she would love to borrow 10,976,000 VND to buy a carpentry machine. This is the seventh time she has applied to the credit program.
Anh is the leader of a group which contains eight members. The other members in her group are also applying to the program to fulfill their common dreams of improving their living conditions and raising their children well.
The name of Anh’s group members are listed as follow:
Tuong was born in 1977. She has 3 kids. Tuong would like to borrow 10,976,000 VND to invest in her family carpentry workshop.
Similar to Tuong, Phuong, who was born in 1971 and has 2 children, wants to borrow 9,736,000 VND to spend on her carpentry workshop.
Sinh was born in 1972 and is a business woman. She would love to borrow money to finance her unique business which is trading hair to create toupees.
Tinh was born in 1974 also wants to borrow 9,184,000 VND to do carpentry.
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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