Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status update — January 8, 2021

Managing foreign borrowing and transferring funds out of Vietnam can be complex, and Thanh Hoa MFI’s risk rating has been decreased from 3.5 stars to 2.5 stars to reflect this complicated regulatory environment. While we feel it is unlikely, sudden regulatory changes may affect Kiva’s partnership with Thanh Hoa MFI.


Partner Description:

Thanh Hoa Microfinance Institution Limited Liability (Thanh Hoa MFI) provides credit to women and their families in the central Vietnamese province of Thanh Hoa. Since it began in 1998, the program has provided over US$5 million in loans to more than 90,000 clients, helping lift thousands of families out of poverty. Thanh Hoa MFI grants loans to 17,000 borrowers on average each year with loans that vary in size from $200 to $2000.

To learn more about Thanh Hoa MFI, please watch this video highlighting their history and achievements. Also you can learn about the positive impact Kiva loans have had on two Thanh Hoa MFI borrowers Hue and Tien in these short videos.

Thanh Hoa MFI partners with the local Women’s Union, a socio-political organization dedicated to empower women, and together they seek to alleviate poverty through the sustainable and professional delivery of microfinance.

Thanh Hoa MFI’s mission is to build economically-viable families and communities through formal microfinance that provides effective and client-friendly financial and non-financial products to poor and low-income households.

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Thanh Hoa is one of the poorest provinces in Viet Nam. Poor households account for 37% of its total population of 3.7 million. Lack of capital is the most common challenge standing between these families and improving their economic status. Thanh Hoa MFI fulfills this critical need in the community.

The institution’s target clients are poor and low-income women who have the ability to work but lack the capital. Through their credit program Thanh Hoa is helping to improve the role and position of women in family and society. Thanh Hoa MFI supports poor and low-income households to build clean water and biodigester systems, construct hygienic household sanitation, and participate in many additional projects to improve the quality of local people's lives.

Thanh Hoa MFI has received awards from Citibank, State Bank of Vietnam and Microfinance Working Group for six years in a row. In 2014, they were recognized as the best microfinance institution in Vietnam.

Thanh Hoa MFI was previously known as Thanh Hoa Fund for Poor Women or FPW for short. They changed their name in 2014 when they converted from a Social Fund to a MFI.

Click here to view or contribute to Thanh Hoa MFI’s current Kiva loans.

Images courtesy of Thanh Hoa MFI.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Nov 13, 2008 Oct 12, 2005
Total Loans $27,871,605 $1,947,336,035
Amount of raised Inactive loans $1,625 $394,700
Number of raised Inactive loans 1 407
Amount of Paying Back Loans $4,659,400 $154,734,695
Number of Paying Back Loans 2,748 180,461
Amount of Ended Loans $23,210,580 $1,763,217,280
Number of Ended Loans 19,529 2,363,981
Delinquency Rate 0.19% 11.31%
Amount in Arrears $4,928 $10,651,186
Outstanding Portfolio $2,131,514 $94,214,866
Number of Loans Delinquent 16 50,464
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,202,912
Number of Ended Loans Defaulted 0 84,618
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $25 $11,901,529
Refund Rate 0.08% 0.54%
Amount of Refunded Loans $20,925 $10,472,500
Number of Refunded Loans 20 9,545

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 91.49% 78.22%
Average Loan Size $804 $391
Average Individual Loan Size $1,145 $589
Average Group Loan Size $1,792 $1,887
Average number of borrowers per group 4.4 8.3
Average GDP per capita (PPP) in local country $5,600 $5,599
Average Loan Size / GDP per capita (PPP) 14.35% 6.99%
Average Time to Fund a Loan 9.85 days 8.91 days
Average Dollars Raised Per Day Per Loan $81.55 $43.92
  Average Loan Term 15.96 months 11.46 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 9,247 1,173,011
  Journaling Rate 42.30% 42.28%
  Average Number of Comments Per Journal 0.01 0.02
  Average Number of Recommendations Per Journal 0.14 0.57

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% PY 22.00% PY 26.92% PY
  Profitability (return on assets) 0.73% 7.2% -3.11%
  Average Loan Size (% of per capita income) N/A 11.00% 0.00%

Country Fast Facts

Lending Partner Staff

Loan Bui Hong
Quyên Bùi Thị
Hoàng Hà Huy
Mạnh Hà Mai
Diệu Anh Hoàng
Phương Hoàng
Huyen Hoang Thi
Tinh Hoang Thi
Vân Hoàng Thu
Biên Hoàng Văn
Mạnh Lại Thế
Phi Lê Hồng
Linh Lê Thị
Thảo Lê Thị
Hường Lý Thị
James MacKenzie
Anh Đức Mai
Thao Mai
Thìn Mai
Vân Mai Hà
Huệ Mai Thị
Liên Mai Thị
Nghĩa Nguyễn
Trang TP Nguyen
Tuấn Nguyễn Anh
Dung Nguyen Thi
Phuong Nguyen Thi
Tâm Nguyễn Thị
Thanh Nguyen Thi
Thủy Nguyễn Thị
Anh Nguyễn Thị Ngọc
Linh Nguyễn Thị Thùy
Lê Như Quyền
Lan Phạm
Tuyền Phạm Thị
Hà Phạm Thị Thúy
Huế Phạm Thu
Tư Phạm Văn
Duyên Phan Thị
Mai Thanh Huyen
Lực Tô Thế
Hoa Tong
Sơn Trần Kim
Khá Trần Thế
Huyền Trần Thị
Mai Phương Trần Thị
Nga Trần Thị
Quỳnh Trần Thị
Đặng Tuấn Hùng
Dung Vũ Thị
Minh Vũ Thị
Thu Vũ Thị
Bernice Wong