02.07.1.6 Nam Ngạn Group

Thường Ðoàn Thị (23) is a 46 year-old woman living in the town of Thanh Hoá. Thường is the group leader of a 4-member group loan offered by Thanh Hoa Fund for Poor Women. 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 02.07.1.6 Nam Ngạn (02.07.1.6 Nam Ngạn).


Thường is married and has 2 school-aged children. To making a living, Thường owns & operates a business venture in the agriculture sector raising livestock. The main source of income for the business comes from raising cattle for sale. Thường has been engaged in this business for over 3 years and earns approximately 1,800,000 VND a month from these activities.


In 2009, Thường joined Thanh Hoa Fund for Poor Women to gain access to financial services to help improve her living situation and ability to engage in business activities. Thường has successfully repaid a previous loan of 1,626,900 VND from Thanh Hoa Fund for Poor Women. This previous loan was used to purchase baby livestock to raise & sell in the future. She is now requesting a new loan of 6,000,000 VND, which will be used for the same purpose. The loan will be the 2nd loan taken out by the borrower from Thanh Hoa Fund for Poor Women. Thường plans to use the additional revenue generated from the business to pay her children’s tuition fees.


About the Other Borrowers in the Group:


1. Trang Trương Thị (24) is a 19 year-old female who is requesting a 3,000,000 VND loan to support her business in the services sector operating a service-based business.


2. Vui Nguyễn Thị (25) is a 39 year-old female who is requesting a 6,000,000 VND loan to support her business in the agriculture sector raising livestock.


3. Mạnh Lê Thị (26) is a 37 year-old female who is requesting a 6,000,000 VND loan to support her business in the food sector running a food stall.


About Thanh Hoa Fund for Poor Women:

The mission of Fund for Thanh Hoa Poor Women (FPW) is to provide sustainable financial services to disadvantaged women in rural areas in the Thanh Hoa province.


*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Vietnamese while providing quality and accurate information to Kiva lenders.





About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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