Nguyen Thi Cuong


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

Name: Nguyen Thi Cuong
Location: Hung Nguyen, Viet Nam
Activity: Agriculture

About the Loan

Loan Amount: $625.00
Loan Use: Agriculture
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 22, 2008
Date Disbursed: Jul 7, 2008
Date Funded:Jun 23, 2008
Loan Ended:Aug 15, 2009

About the Country

Country:Viet Nam
Avg Annual Income:$725.00
Currency:Vietnam Dong (VND)
Exchange Rate:16,610.0000 VND = 1 USD



Mrs. Nguyen Thi Cuong, now 43 years old, has joined TYM since 2003. In her first loan, she borrowed 2 million VND to invest in breeding pigs and poultry and profit almost 1.2 millions VND. After searching around, she realized that putting money into producing wine also make big profit so that were the focus of later loan cycles. Apart from selling wine to local area, the left over ingredient (after making the wine) can be used as food-stuff for their breeding pigs. Hard work evidently paid off as her family's total earning monthly is about 3 millions VND. She hope, with this next loan cycle of 10 millions VND, she could buy seed-rice for a cheap price to produce more wine.

Translated from Vietnamese by Anh H. Nguyen, Kiva volunteer.



Chị Nguyễn Thị Cường năm nay 43 tuổi, chị tham gia vào Quỹ Tình thương từ năm 2003. Vòng vốn đầu chị vay 2.000.000 đ sử dụng vào việc chăn nuôi lợn, gà cho thu nhập 1.200.000đ. Sau một thời gian tham gia vào Quỹ được vay vốn và nhận thấy việc nấu rượu có khả năng cho thu nhập cao hơn chị đã bàn với chồng vay thêm vốn để đầu tư vào việc mua bán lúa để nấu rượu và bán lại cho các đại lý trong vùng. Ngoài ra vợ chồng chị còn sử dụng nguồn lương thực từ công việc nấu rượu như bã rượu để nuôi lợn tăng thêm thu nhập cho gia đình. Nhờ chăm chỉ làm ăn thu nhập của gia đình chị đã ngày càng tăng lên. Tổng thu nhập của gia đình chị hàng tháng là 3.000.000đ. Chị mong muốn được vay mức vốn 10 triệu đồng để mua thêm lúa giá rẻ trong vụ mùa về dự trữ để nấu rượu bán.


Subscribe

Lenders to this entrepreneur

Wolfgang
KivaFriends.org, Berlin
Germany

Edith
Brooklyn, NY
United States

Richard
Vancouver, British Columbia
Canada

mark
Huntersville, NC
United States

Vic
Chico, CA
United States

ArtBushkin
Vienna, VA
United States

khai
CA
United States

Fred
Los Gatos, CA
United States

Peng Wu
GuangZhou, GuangDong
China

Sigmundur
Hafnarfjordur,
Iceland

Glen
San Francisco, CA
United States

Krijn
Eindhoven, Noord-Brabant
Netherlands

Joe
Colorado Springs, CO
United States

Grace
Amersfoort,
Netherlands

Jan
Amersfoort, Utrecht
Netherlands

Judith
Halifax, Nova Scotia
Canada

Denisha
Baltimore, MD
United States

Mark
Oconomowoc, WI
United States



Journal entries for Nguyen Thi Cuong


Loan has been disbursed
 
Entrepreneur: Nguyen Thi Cuong
Location: Hung Nguyen, Viet Nam

Thank you for your loan. It has been disbursed to Nguyen Thi Cuong by TYM Fund in Viet Nam. We are excited to watch this business grow. Over the next 12 months, TYM Fund will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Hung Nguyen, Viet Nam
Jul 7, 2008
Comments (2)

Kiva Help Repayment Schedule for Nguyen Thi Cuong

  Expected Repayments Actual Repayments Comments
October 2008 $52.08 $53.00 Repayment Received
November 2008 $52.08 $53.00 Repayment Received
December 2008 $52.08 $53.00 Repayment Received
January 2009 $52.08 $49.33 Repayment Received
February 2009 $52.08 $52.08 Repayment Received
March 2009 $52.08 $52.08 Repayment Received
April 2009 $52.08 $52.08 Repayment Received
May 2009 $52.08 $52.08 Repayment Received
June 2009 $52.08 $52.08 Repayment Received
July 2009 $52.08 $52.08 Repayment Received
August 2009 $52.08 $52.08 Repayment Received
September 2009 $52.12 $52.11 Repayment Received